MCQOPTIONS
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| 1. |
If a fixed amount is withdrawn on the first day of every month of calendar year by a partner in partnership firm, then for what period the interest on the total amount of drawings will be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 |
| Answer» D. 7.5 months | |