Question

If no interest rate is stated on drawings then at what rate interest on drawings will be charged

Answer 1

...heya friend...
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here is your answer
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when no interest rate on stated on drawing then

interest on capital is to be credited at 6% p.a


☺️hope it help you ☺️

Answer 2

If there is not interest on drawings is stated in partnership deed.

Then no interest on drawings will be given. It is according to partnership act,1932.

In that situation, only interest on loan is given @6% p.a.

Thanks, I hope it helps