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Name the method of calculating interest on Drawings of the Partners if the different amounts are withdrawn on different dates.

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

SOLUTION

Product Method.


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Previous PostIf a fixed amount is withdrawn on the last day of every quarter, for what period the interest on total drawings will be calculated?
Next PostName any two items which are shown on the debit of Profit and Loss Appropriation Account.

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