If a partner did not withdraw cash but the firm paid his personal rent (₹11000), from when is this amount considered for interest on drawings?

Correct answer: From the date of payment

Drawings are not limited to cash physically taken out by a partner. When the firm pays a partner’s personal expense, the firm has paid on the partner’s behalf, so the amount is treated as a drawing. Here the personal rent of ₹11,000 is therefore recorded as the partner’s drawing, even though the partner did not receive cash directly.

For interest on drawings, the relevant date is the date on which the partner receives the benefit or the firm makes the personal payment. From that date, the amount is treated as withdrawn for calculating interest, according to the partnership agreement or usual accounting rule. Hence option A, “from the date of payment,” is correct. It is not automatically counted from the beginning or end of the year, and it is certainly not ignored.