Question

in the absence of partnership agreement interest of drawing of a partner is charged at​

Answer 1

Answer:

In the absence of partnership agreement, no interest on drawings is charged from any partners.

hope it helps you mate.

Answer 2

Answer:

According to THE INDIAN PARTNERSHIP ACT 1932 , in the absence of partnership agreement or deed the following terms is followed by all partners:------

•  profit sharing ratio is equally
• no income entitled by any partner for extra work
• no interest on capital and Drawing
• 6% interest charged on partners loan given to firm
• admission of any partner is possible by consent of all partners