If a fixed amount is withdrawn on the first day of every month of calendar year by a partner in partnership firm, then for what period the interest on the total amount of drawings will be calculated?
A) 4.5 months
B) 5.5 months
C) 6.5 months
D) 7.5 months
Correct Answer:
Verified
Q63: The following account has a credit balance
A)Plant
Q64: When Sales = `3,60,000, Purchase = `
Q65: As per AS - 1, which of
Q66: Name the book in which, entries are
Q67: Name the principle involved in the classification
Q69: Del credere commission is allowed to consignee
A)for
Q70: Any change in the accounting policy relating
Q71: An amount spent in connection with obtaining
Q72: According to AS-15 (Revised) superannuation scheme which
Q73: Expenditures in respect of certain types of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents