c) RS. 19,600
d) RS. 18,600
In the absence of partnership deed Interest on capital will be provided @of:
a) 4%
b) 6%
C) 5%
d) none of these
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0
Answer:
none of these
Explanation:
In absence of any provision in partnership deed, interest on capital will not be allowed. In case there is no partnership deed or no information about interest on capital then interest is not provided.
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•↝) In th absence of the partnership deed or if the deed is silent on any matter,the partnership Act 1932 provides the in Interst on capital:-
No interest is payable to partners. If the deed provides for interst on capital,it should be paid only out of profit and if there is loss,no interest can be allowed.
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