The Capital accounts of Tisha and Divya showed credit balances of Rs. 10,00,000 and Rs. 7,50,000 respectively after taking account drawings and net profit of Rs. 5,00,000. The drawings of the partners during the year ended 31st March were:
1) Tisha withdrew Rs. 25,000 at the end of each quarter.
2) Divya’s drawings were:
31st May, Rs. 20,000
1st November Rs. 17,500
1st February, Rs. 12,500
Calculate Interest on Partner’s Capital @10% p.a. and Interest on partner’s drawings @6% p.a. for the year ended 31st March.