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If a fixed amount is withdrawn on the last day of every quarter, for what period the interest on total drawings will be calculated?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


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Previous PostIf a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total drawings will be calculated.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Next PostName the method of calculating interest on Drawings of the Partners if the different amounts are withdrawn on different dates.

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