Q1153
In case of absence of a partnership deed, what is the rule for charging interest on drawings?
A.
No interest is charged
AnswerB.
Interest @ 4% is charged
C.
Interest @ 5% is charged
D.
Interest @ 6% is charged
E.
A flat interest @ 10% is charged on the Capital brought in
Answer: Option A
Solution
Answer: Option A
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