Under what Circumstances Average Method of calculating interest on drawings is applied?
Under what Circumstances Average Method of calculating interest on drawings is applied?
Anurag Pathak Changed status to publish April 9, 2023
The average Method to calculate interest on drawings is used in the following two conditions.
a) The amount of drawings is uniform; and
b) the time interval between the two drawings is also uniform.
Anurag Pathak Changed status to publish April 4, 2023
