CBSECBSE (Arts) Class 12
Question Papers1789
Textbook Solutions11268
Important Solutions2834
Question Bank Solutions14550
Concept Notes & Videos439
Time Tables18
Syllabus
Advertisement Remove all ads

In the Absence of Partnership Agreement, Interest on Drawings of Partners is Charged : - Accountancy

In the absence of partnership agreement, interest on drawings of partners is charged :
(1) at 6% per annum
(2) at 9% per annum
(3) at 12% per annum
(4) no interest is charged

Advertisement Remove all ads

Solution

no interest is charged

Interest on drawings is not charged from any partners in absence of Partnership Deed.

Concept: Meaning and Definitions of Partnership and Partnership Deed
  Is there an error in this question or solution?
2014-2015 (March) Foreign Set 1
Q 1
Advertisement Remove all ads

APPEARS IN

2014-2015 (March) Foreign Set 1 (with solutions)
Q 1 | 1 mark
2014-2015 (March) Foreign Set 3 (with solutions)
Q 6 | 1 mark
Advertisement Remove all ads

Video TutorialsVIEW ALL [2]

Advertisement Remove all ads
Share
Notifications

View all notifications

My Profile

My Profile [view full profile]
Login
Create free account


      Forgot password?
Course
View in app×