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X, Y and Z are partners, …

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X, Y and Z are partners, decided that no interest on drawings is to be charged from any partner. But after one year Z wants that interest on drawings should be charged from every partner. State how Z can do this?

Posted by Nisha Deshwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Shubham Rawat 8 years, 3 months ago

Interest on drawing to be charged according to z only in the presence of partnership deed. In other word,if the partnership deed present in the firm only then 'Z' can do this.

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