A) Only David and Peter will get interest on capital
B) Interest on capital is to be calculated @10% p.a.
C) No interest on capital as there is no partnership deed
D) Interest on capital and interest on drawings will be calculated @ 6% p.a. in the absence of partnership deed
Correct Answer: C
Solution :
No interest on capital as there is no partnership deedYou need to login to perform this action.
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