Question:medium

If a partner withdraws equal amount in the middle of each quarter, then ______ are to be considered for interest on total drawings.

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Standard average periods used in partnership accounts:
• Beginning of every month \(\rightarrow 6.5\) months
• Middle of every month \(\rightarrow 6\) months
• End of every month \(\rightarrow 5.5\) months
• Beginning of every quarter \(\rightarrow 7.5\) months
• Middle of every quarter \(\rightarrow 6\) months
• End of every quarter \(\rightarrow 4.5\) months Memorizing these standard periods helps solve accounting MCQs quickly and accurately during examinations.
Updated On: May 12, 2026
  • \(5.5\) months
  • \(6\) months
  • \(4.5\) months
  • \(7.5\) months
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The Correct Option is B

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