Partners have to pay interest on withdrawals (in cash or kind) only when provided by the
Partners have to pay interest on withdrawals (in cash or kind) only when provided by the
a) Partnership Act
b) Partnership Deed
c) a) and b) both
d) None of these
Anurag Pathak Changed status to publish April 9, 2023
Ans – b)
Explanation:-
Partnership Deed is a written agreement between the partners. Interest on the partner’s drawings is charged if the Rate of Interest is agreed upon and mentioned in the partnership deed.
Anurag Pathak Changed status to publish April 4, 2023
