Question
Accountancy Question on Partnership Accounts
| Match List-I with List-II.List-I (Equal amount of drawings made) | List-II (Number of month for which interest calculated) |
|---|---|
| (A) At the end of each half year | (I) 4.5 months |
| (B) At the beginning of each quarter | (II) 6.5 months |
| (C) At the beginning of each month | (III) 7.5 months |
| (D) At the end of each quarter | (IV) 3 months |
Choose the correct answer from the options given below :
A
(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
B
(A) - (II), (B) - (III), (C) - (I), (D) - (IV)
C
(A) - (IV), (B) - (I), (C) - (II), (D) - (III)
D
(A) - (IV), (B) - (III), (C) - (II), (D) - (I)
Answer
(A) - (IV), (B) - (III), (C) - (II), (D) - (I)
Explanation
Solution
The correct matching sequence is based on the months calculated for interest on drawings.
Hence, the correct answer is Option 4.