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12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm - Fundamentals

  • question_answer
    If Rs.3,000 are withdrawn by a partner on the first day of every quarter, interest on drawings will be Calculated for the average period :

    A) \[{{7}^{{}^{1}/{}_{2}}}\]    

    B) \[{{4}^{{}^{1}/{}_{2}}}\]    

    C) \[{{5}^{{}^{1}/{}_{2}}}\]      

    D) \[{{6}^{{}^{1}/{}_{2}}}\]

    Correct Answer: A

    Solution :

    \[{{7}^{{}^{1}/{}_{2}}}\]


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