What will be the average period used for

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Target Exam

CUET

Subject

Accountancy Part A

Chapter

Accounting for Partnership

Question:

What will be the average period used for calculation of Interest on Drawing, when money is withdrawn in the middle of the every month?

Options:

6.5 Months

6 Months

5.5 Months

4.5 Months

Correct Answer:

6 Months

Explanation:

The correct answer is Option (2) →

6 Months