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How will you settle the following dispute? C proposed that interest on drawings should be charged. D opposes it. - Accounts

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Question

How will you settle the following dispute?

C proposed that interest on drawings should be charged. D opposes it.

Very Short Answer
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Solution

Interest on drawings cannot be charged if not provided in the partnership deed.

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Chapter 1: Accounting for Partnership Firms - Fundamentals - SHORT ANSWER QUESTIONS [Page 1.132]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 1 Accounting for Partnership Firms - Fundamentals
SHORT ANSWER QUESTIONS | Q 52. (iii) | Page 1.132
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