Question

10. In the absence of partnership deed, interest on capital will be given to the partners at
(a) 8% p.a.
(6) 6% p.a.
(c) 9% p.a.
(d) None of these.​

Answer 1

In the absence of partnership deed, interest on capital will be given to the partners at

(a) 8% p.a.

(6) 6% p.a.

(c) 9% p.a.

(d) None of these.☑️☑️

hope it helps..

Answer 2

Option D is coorect i.e. None of the above .

In the case of absence of partnership deed , Partneship Act 1932 is applicable .

Partnership Deed is a deed in which all the principles are applicable on which partner agree , in this deed profit sharing ratio of partners is written , salary will be given or not it is written .

According to Partnership Act 1932, if there is no interest on capital is written so partners will not get interest on capital.