| Mr. A (partner) withdrew the following amounts during the year |
| 31.05.2021 ....................................................................................2,000 |
| 31.07.2021 ....................................................................................2,000 |
| 30.09.2021 ....................................................................................2,000 |
| 30.11.2021 .....................................................................................2,000 |
| 31.01.2021 .....................................................................................2,000 |
| 31.03.2021 .....................................................................................2,000 |
| Average period of above drawing is: |
A) Average period 6/12
B) Average period 6.5/12
C) Average period 5/12
D) Average period 5.5/12
Correct Answer: C
Solution :
Average period 5/12
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