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easyMCQCUET Accountancy 2025 24 May Shift 12026Accountancy
1 mark

If the partnership deed is silent, at what rate, the interest would be charged on the drawings made by the partner:

  1. A
  2. B
  3. C
  4. D

Solution & Step-by-step Explanation

According to the provisions of the Indian Partnership Act, 1932, in the absence of any provision in the partnership deed, no interest on drawings is charged from partners ().

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If the partnership deed is silent, at what rate, the interest would be charged on the drawings made by the partner:
A
B
C
D

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