When a partner withdraws regularly a fixed sum of money at the middle of every month, period for which interest is to be calculated on the drawings as on average is _______.
A. 5.5 months
B. 6 months
C. 12 months
D. 6.5 months
Answer:B
When a partner withdraws regularly a fixed sum of money at the middle of every month, period for which interest is to be calculated on the drawings as on average is _______.
A. 5.5 months B. 6 months C. 12 months D. 6.5 months