If the date of withdrawal is not given, then the interest on drawings is calculated for an average period of ______ months.

[0.88 marks]

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Solution

The correct option is A 6
Interest on drawings should be calculated from the date of withdrawal. In some cases, however, the date of withdrawal is not given; it is assumed that the drawing interest is for six months throughout the year.

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If the date of withdrawal is not given, then the interest on drawings is calculated for an average period of ___

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If the date of withdrawal is not given, then the interest on drawings is calculated for an average period of ______ months. [0.88 marks]

The correct option is A 6Interest on drawings should be calculated from the date of withdrawal. In some cases, however, the date of withdrawal is not given; it is assumed that the drawing interest is for six months throughout the year.

If the date of withdrawal is not given, then the interest on drawings is calculated for an average period of ______ months.

[0.88 marks]

The correct option is A 6
Interest on drawings should be calculated from the date of withdrawal. In some cases, however, the date of withdrawal is not given; it is assumed that the drawing interest is for six months throughout the year.