Question:
Select the conditions required for computing interest on drawings using average period method:
A. Equal amount of drawings
B. Fixed interval of drawings
C. Varying amounts of drawings
D. Different interval of drawings
E. Rate of Interest
Choose the correct answer from the options given below:
Select the conditions required for computing interest on drawings using average period method:
A. Equal amount of drawings
B. Fixed interval of drawings
C. Varying amounts of drawings
D. Different interval of drawings
E. Rate of Interest
Choose the correct answer from the options given below:
A. Equal amount of drawings
B. Fixed interval of drawings
C. Varying amounts of drawings
D. Different interval of drawings
E. Rate of Interest
Choose the correct answer from the options given below:
Updated On: Mar 27, 2025
- A, D and E only
- A, C and B only
- A, C and D only
- A, B and E only
Hide Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
The correct option is (D):A, B and E only
Was this answer helpful?
0
0
Top Questions on Interest
- Explain any one method of calculation of interest on drawings.
- For the firm, interest on partner's drawing is a/an
- Radha and Rohit were partners in a firm. Radha withdrew a fixed amount at the beginning of every quarter for the year ended 31st March, 2024. Interest on drawings is charged at 12% p.a. Interest on Radha’s drawings was charged for .......... months.
Usha and Mohak were partners in a firm. Usha withdrew a fixed amount at the end of every half-year for the year ended 31st March, 2024. Interest on drawings is charged at 9% p.a. Interest on Usha’s drawings will be charged for months.
- During the financial year 2021-22, Surjeet withdrew \rupee30,000 quarterly at the beginning of every quarter. If interest to be charged is 8\% p.a., calculate the amount of interest on drawings:
Questions Asked in CUET exam
The manager asked the team to complete the project _______ the end of the week.
- CUET (UG) - 2025
- Prepositions
- If \( 3 \times 4 = 25 \), \( 5 \times 2 = 27 \), \( 6 \times 3 = 39 \), then what is \( 7 \times 5 = ? \)
- CUET (UG) - 2025
- Logical Reasoning
Rearrange the following parts to form a meaningful and grammatically correct sentence:
P. a healthy diet and regular exercise
Q. are important habits
R. that help maintain good physical and mental health
S. especially in today's busy world- CUET (UG) - 2025
- Sentence Arrangement
- Five people—A, B, C, D, and E—are sitting in a row facing north. A is to the immediate right of D. B is at one of the ends. C is sitting between E and A. Who is sitting exactly in the middle?
- CUET (UG) - 2025
- Ordering and Ranking
- Identify the literary device in the sentence: "Time crawled as she waited for the results."
- CUET (UG) - 2025
- Figure of speech/Literary Devices
View More Questions