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  3. 12th Class
  4. Accountancy
  5. Fundamentals of Partnership

12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm - Fundamentals

  • question_answer
    When partnership deed is silent regarding interest on capital and drawings, it will be given as follows

    A) 6% p. a. on capital and drawings

    B) 10 % p.a. on capital and 6% on drawings

    C) No interest on capital and drawings

    D) None of these

    Correct Answer: C

    Solution :

    No interest on capital and drawings


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