Question

if a fixed amount is withdrawn by a partner at the beginning of each month interst on the whole amount will be charged for month​

Answer 1

Answer:-

Fixed Amount withdrawn every month:-

it may be stated here that if a partner withdraws a fixed amount at regular intervals,the interest on drawings can be calculated on the basis of average period. The calculation of average period depends upon whether the fixed Amount is withdrawn on the first day of each month, or etc..

Fixed Amount withdrawn on the first day of the month:--

if the fixed Amount withdrawn on the first day of each month, the average period will be calculated as follows:-

$\rm\purple{ \: average \: period = \frac{total \: period \: in \: months + 1}{2} }$

$\rm \: = > \frac{12 + 1}{2} = 6 \frac{1}{2} \: months(6.5)$

Thus interest on the whole amount of drawings is to be calculated for 6.5 month at the agreed rate.

Answer 2

Answer:

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Answer ....... up