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This video continues Chapter 1 – Accounting for Partnership Firms: Fundamentals (Part 3) for Class 12 Accountancy (CBSE 2025). In this session, we focus on a very important and practical concept — Drawings and Interest on Drawings, a topic that appears frequently in exams and practical questions. You’ll learn step-by-step: 1️⃣ Concept of Drawings – what it means and why it’s important 2️⃣ Interest on Drawings – meaning and purpose 3️⃣ Simple Method of calculating interest on drawings 4️⃣ Product Method of calculation with examples 5️⃣ Average Time Method for quick and accurate computation 🎯 By the end of this video, you’ll be able to: ✔️ Calculate interest on drawings using all three methods ✔️ Apply formulas accurately in exam questions ✔️ Avoid common mistakes in partnership problems 📚 Next Video: Fundamentals (Part 4) – Interest on Capital & Manager's Commission 🎥 Full Playlist: Class 12 Accountancy Complete Course (CBSE 2025) 💬 Got doubts or tricky questions? Comment below — We will guide you personally! #Class12Accountancy #PartnershipAccounts #CommerceAcademy #MithailalAndSundar #CBSE2025 #InterestOnDrawings #AccountingForPartnershipFirms #accountancybasics #MadhurSir #CommerceAcademy 0:00 Introduction –Mithailal and Sundar 1:29 Drawings Explained 6:07 Interest on Drawings Explained 8:11 Simple Method of Calculation of Interest on Drawings 15:21 Product Method of Calculation of Interest on Drawings 19:52 Average Time Method of Calculation of Interest on Drawings