HomeTestsSearchRankProfile
mediumMCQCUET Accountancy 2025 16 May Shift 12026CUET Accountancy
1 mark

If a uniform amount of capital is systematically withdrawn by a partner at the end of each quarter, interest on the total aggregate yearly drawings is computed across an average timeline of:

  1. A
  2. B
  3. C
  4. D

Solution & Step-by-step Explanation

Using the average period technique formula for identical regular drawing patterns:

Since the first quarter ends 3 months into the year, there are remaining.The last quarter ends on the final day of the financial year, leaving remaining.

Practice this question

Try it yourself before checking the explanation above.

If a uniform amount of capital is systematically withdrawn by a partner at the end of each quarter, interest on the total aggregate yearly drawings is computed across an average timeline of:
A
B
C
D

Share This Question

Related Questions

Ready for a Full Test?

Practice with timed mock tests and track your performance across CUET Accountancy.

Discussion