if the date of withdrawal is not given interest on total drawing for the year is calculated for six month on the average basis
Answers
Answered by
0
Answer:
If the specific date of withdrawal isn't given then it is supposed that partner withdrawn the money on the middle of the year or he/she withdrawn the money on the middle of the every month.
You have to calculate interest for 6 months in both scenario. I hope it helps :)
Similar questions