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If the deed says equal drawings are made at the end of each quarter what average period is generally taken?

Answer and explanation

Correct answer: Four and a half months

For equal drawings at quarter end average period is four and a half months. Remember beginning and end rules separately.

Related tags

Interest On DrawingsQuarterly EndAverage PeriodPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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