Multiple Choice Questions on If the drawings are made by the partners and nothing is specified about the date of withdrawal then ........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

If the drawings are made by the partners and nothing is specified about the date of withdrawal then ...........

General Accounting Principles Partnership
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    If the drawings are made by the partners and nothing is specified about the date of withdrawal, then interest on drawings is to be calculated on the basis of

    12 Months

    Incorrect Answer

    6 months

    Correct Answer

    3 months

    Incorrect Answer

    9months

    Incorrect Answer
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    Explanation:

    If nothing is specified regarding the date of withdrawal of drawings then it is assumed to be 6 Month.

    By: NIHARIKA WALIA
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