1.

The capital accounts of Tisha and Divya showed credit balances of 10,00,000 and 7,50,000 respectafter taking into account drawings and net profit of * 5,00,000. The drawings of the partners during the year 2020-21 were:(i) Tisha withdrew * 25,000 at the end of each quarter.(ii) Divya's drawings were:31st May, 202020,0001st November, 202017,5001st February, 202112,500Calculate interest on partners' capitals @ 10% p.a. and interest on partners' drawings @ 6% p.a. for the year ended 31st March, 2021.​

Answer»

Answer:

The capital accounts of Tisha and Divya showed credit balances of 10,00,000 and 7,50,000 respect

after taking into account drawings and net profit of * 5,00,000. The drawings of the partners during

the YEAR 2020-21 were:

(i) Tisha withdrew * 25,000 at the end of each QUARTER.

(II) Divya's drawings were:

31st May, 2020

20,000

1st November, 2020

17,500

1st February, 2021

12,500

Calculate interest on partners' capitals @ 10% p.a. and interest on partners' drawings @ 6% p.a. for the year

ENDED 31st March, 2021.



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