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In the absence of partnership Agreement …

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In the absence of partnership Agreement interest on drawing of a partner is changed

    • Posted by Karishma Chauhan 5 years, 5 months ago

    CBSE > Class 12 > Accountancy
    • 5 answers

    Harshit Gupta 5 years, 5 months ago

    In absence of partnership deed INTREST ON DRAWING WILL NOT BE PROVIDED

    0Thank You

    P Patel 5 years, 5 months ago

    no interest on drawing will be charged

    0Thank You

    Gaurav Seth 5 years, 5 months ago

    Interest on drawings: No interest on drawings would be charged from partners.

    Interest on Loan : If a partner has provided any Loan to the firm, he would be paid Interest at the rate 6% p.a. This interest on loan is a charge against profits i.e. it is to be allowed even if there are losses to the firm.

    0Thank You

    Muskan Nirvan 5 years, 5 months ago

    In the absence of partnership deed Interest on drawings will not be charge.

    0Thank You

    Karishma Chauhan 5 years, 5 months ago

    6%

    0Thank You

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