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Solution:- Note:- As the partnership firm started from 1st July. there are only 9 withdrawals up to 31st March. Calculation of Average Months Months remaining after 1st Drawings (after 1st July) + Months remaining after last drawings (after 1st March)/2…

Solution:- Note:- As the partnership starts on 1st July. there are only 3 quarters up to 31st March. 1st July – 30th September 1st October – 31st December 1st January – 31st March The average Months Period would be Months…

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