alleryStart learning →A partner withdraws a fixed sum at the END of each quarter. The average period is:
A7.5 months
B6 months
C4.5 months
D3 months
Answer & Solution
Correct answer: C. 4.5 months
1. For quarterly drawings the first withdrawal at the end of the first quarter leaves nine months to the year end.
2. The last withdrawal falls on the closing date itself, leaving nil months.
3. The average period is therefore nine plus nil, divided by two, which is 4.5 months.
4. Quarterly drawings at the beginning of each quarter give 7.5 months, and in the middle give 6 months.
5. Option D is the half-yearly at the end figure, which is the neighbouring row of the same table.
_Source: TN HSC Class 12 Accountancy (Samacheer Kalvi, Govt of Tamil Nadu), Unit 3 "Accounts of Partnership Firms - Fundamentals", §3.7.4_
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