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
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?
why create a profile on Shaalaa.com?
1. Inform you about time table of exam.
2. Inform you about new question papers.
3. New video tutorials information.