In the absence of partnership deed, which of the following statements…

The correct answer is Option (2) → Interest on partners' Loan is to be given @ 6% p.a.

In the absence of a deed, a partner who advances a loan to the firm gets interest at 6% per annum.

Option (1) Interest on partners' Capital will be allowed @ 6% p.a. — Incorrect. No interest is allowed on capital unless the deed says so.

Option (3) Profits are shared in the ratio of Capital — Incorrect. Profits are shared equally.

Option (4) Interest on Drawing is to be charged @ 6% p.a. — Incorrect. No interest is charged on drawings.