English
CISCEISC (Commerce) Class 12
Question Papers354
Textbook Solutions18218
Important Solutions5670
Concept Notes & Videos605
Time Tables15
Syllabus

State the provisions of the Indian Partnership Act, 1932, regarding the charging of interest on drawings from a partner when the firm does not have a partnership deed. - Accounts

Advertisements
Advertisements

Question

State the provisions of the Indian Partnership Act, 1932, regarding the charging of interest on drawings from a partner when the firm does not have a partnership deed.

Very Short Answer
Advertisements

Solution

When the firm does not have a partnership deed, interest on drawings will not be charged.

shaalaa.com
  Is there an error in this question or solution?
Q 59. (b)
Chapter 1: Accounting for Partnership Firms - Fundamentals - SHORT ANSWER QUESTIONS [Page 1.134]

APPEARS IN

D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 1 Accounting for Partnership Firms - Fundamentals
SHORT ANSWER QUESTIONS | Q 59. (b) | Page 1.134
Share
Notifications

Englishहिंदीमराठी
Login
Create free account


      Forgot password?
Course
Use app×