A, B and C are partners. During the year ended 31st march 2025, each of the partners withdrew Rs 10,000 regularly

45 :-  A, B, and C are partners. During the year ended 31st March 2025, each of the partners withdrew Rs 10,000 regularly. A withdrew in the beginning of the first 6 months of the year, B withdrew in the middle of the month for the first 6 months of the year and C withdrew at the end of the month for the first 6 months.
Calculate interest on drawings @ 6% p.a. for the year ended 31st March 2025.

Solution :- Calculation of Interest on A’s drawings
Average month = 12 + 7/2 = 9.5
Interest on A’s drawings = 10,000 x 6 x 6/100 x 9.5/12
= Rs 2,850

Calculation of interest on B’s drawings
Average month = 11.5 + 6.5/2 = 9 months
Interest on B’s drawings = 10,000 x 6 x x 6/100 x 9/12
= Rs 2,700

Calculation of interest on C’s drawings
Average month = 11 + 6/2 = 8.5
Interest on C’s drawings = 10,000 x 6 x 6/100 x 8.5/12
= Rs 2,550