Skip to content
Swamonk EduCare
  • Toggle website search
Menu Close

Blog

  1. Home>
  2. Doubts>
  3. Accountancy

If a fixed amount is withdrawn on the last day of every quarter, for what period the interest on total drawings will be calculated?

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

4.5 months.


Please Share This Share this content

  • Opens in a new window Twitter
  • Opens in a new window Facebook
  • Opens in a new window Google+
  • Opens in a new window Pinterest
  • Opens in a new window LinkedIn
  • Opens in a new window Viber
  • Opens in a new window VK
  • Opens in a new window Reddit
  • Opens in a new window Tumblr
  • Opens in a new window Viadeo
  • Opens in a new window WhatsApp

Read more articles

Previous PostIf a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total drawings will be calculated. (C.B.S.E. Sample Paper 2019)
Next PostName the method of calculating interest on Drawings of the Partners if the different amounts are withdrawn on different dates.

You Might Also Like

Give one transaction which may result into outflow of cash and one which may result into no flow of cash.

October 6, 2022

At the time of admission of a new partner in the firm, the new partner compensates the old partners for their loss of share in the Super Profits of the firm for which he brings in an additional amount which is known as__. (CBSE 2020)

October 7, 2022

Following was the Balance Sheet of M.M. Ltd. as at 31st March, 2015:

August 18, 2022

Leave a Reply Cancel reply

You must be logged in to post a comment.

  • Address:94, Block A, New Industrial Town - 2, Faridabad, Haryana 121001
  • Contact:+91-8826447899Opens in your application
  • Email:care@swamonk.comOpens in your application
Terms of Use | Privacy Policy | Cookies Policy
© 2019-2022 Swamonk - All Rights Reserved
Close Menu