If date of drawings of the partner rsquo s is not given in the question interest is charged for how ...........

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If date of drawings of the partner’s is not given in the question, interest is charged for how much time

1 month

3 month

6 month

12 month

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Explanation:

- When the date of drawings is not specified, interest is typically charged for a standard time period as a convention.

- Option 1: 1 month - This is too short for a general standard and not typically used.

- Option 2: 3 month - This is also not a common standard for charging interest on drawings.

- Option 3: 6 month - This is a commonly accepted average time period used when no specific date is provided, assuming drawings are evenly spaced throughout the year.

- Option 4: 12 month - Charging interest for the entire year is also an option, but it assumes all drawings are at the start of the financial year, which is too conservative.