Target Exam

CUET

Subject

Accountancy Part A

Chapter

Accounting for Partnership

Question:

If partnership deed is silent, what is the interest on capital payable to the partners?

Options:

6% p.a

5% p.a

No Interest is paid

10% p.a

Correct Answer:

No Interest is paid

Explanation:

The correct answer is Option (3) → 

No Interest is paid