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| If a partner drawing is for a period of 6 months only starting from 1st Oct,2020 and accounts closed on 31st March,2021. If partner withdrew amount at the end of each month, then what is the average period for which interest on drawings is calculated? |
3.5 months 3 months 2.5 months None of these |
| 2.5 months |
| If any partner withdrew for the period of 6 months at the end of each month, then average period for calculating interest on drawings will be (5+0) months/2 = 2.5 months |
