Question

Q.5 Glan, Rajat and Bishan are partners sharing profits equally. Glan drew regularly rs
10,000
in the beginning of every month for six months ended 30th September, 2019. Rajat
drew
regularly rs 10,000 at the end of every month for six months ended 30th September,
2019
Bishan drew regularly rs 10,000 in the middle of every month for six months ended
30th
September, 2019. Calculate Interest on drawings @ 5% p.a. for the year ended 31st
March,
2020.​

Answer 1

Answer:

glan-2375

Rajat - 2125

Bishan - 2250

Answer 2

Average period at the beginning of Gian..

=10000×6×9.5/12×5/100

=2375

Average period of Rajat..

=10000×6×5/100×8.5/12

=2125

Average period of Bisan..

=10000×6×5/100×9/12

=2250

WE HAD MULTIPLY DRAWINGS WITH 6 , BECAUSE THIS IS THE CASE OF 6 MONTHLY DRAWINGS..

Hope u get correct...

Thanks