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Select the most appropriate alternative from those given below and rewrite the statement.If dates of drawings are not given, interest on drawings is charged for __________ months.OptionsThreeSixNineTwelve |
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Answer» If dates of drawings are not given, interest on drawings is charged for six months. Explanation: When the date of drawings is not given, interest on drawings is charged for an average period of six months. In such cases, it is assumed that a fixed amount is withdrawn as drawings in the middle of every month. |
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