Q1760
In the absence of a partnership deed
A.
Interest will not be charged on partner's drawings
AnswerB.
Interest will be charged @ 5% p.a. on partner's drawings
C.
Interest will be charged @ 6% p.a. on partner's drawings
D.
Interest will be charged @ 12% p.a. on partner's drawings
Answer: Option A
Solution
Answer: Option A
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