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One of the partners in a partnership firm has withdrawn rs. 9000 at the end of each quarter, throughout the year. calculate intrest on drawing at the rate of 6% per annum?
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One of the partners in a partnership firm has withdrawn rs. 9000 at th...


Calculation of Interest on Drawings in a Partnership Firm

Let's calculate the interest on drawings for one partner in a partnership firm who withdraws Rs. 9000 at the end of each quarter throughout the year at a rate of 6% per annum.

Step 1: Calculate Total Drawings for the Year

  • Quarterly withdrawal = Rs. 9000
  • Annual withdrawal = Rs. 9000 x 4 = Rs. 36,000


Step 2: Calculate Interest on Drawings

  • Rate of interest = 6% per annum
  • Interest on drawings = Rs. 36,000 x 6% = Rs. 2160


Step 3: Distribute Interest among Quarters

  • Interest per quarter = Rs. 2160 / 4 = Rs. 540


Final Calculation

  • At the end of each quarter, the partner will be charged interest of Rs. 540 on the Rs. 9000 withdrawal.
  • This interest amount will accumulate over the year as the partner continues to withdraw Rs. 9000 at the end of each quarter.



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One of the partners in a partnership firm has withdrawn rs. 9000 at the end of each quarter, throughout the year. calculate intrest on drawing at the rate of 6% per annum?
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