Brij and Mohan are partners in a firm. They withdrew Rs. 48,000 and Rs. 36,000 respectively during the year evenly in the middle of every month. According to the partnership agreement, interest on drawings is to be charged @ 10% p.a. Calculate interest on drawings of the partners using the appropriate formula.


Since, the drawings are made evenly at the middle of every month, therefore interest on drawings is calculated for a period of six months.

Interest on Brij’s Drawings = Rs. 48,000×10/100×6/12 = Rs. 2,400
Interest on Mohan’s Drawings = Rs. 36,000×10/100×6/12 = Rs. 1,800

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