Home » MCQs » Commerce MCQs » Partnership MCQs

At what per cent the interest is levied on partners' capital in the absence of partnership deed?

27. At what per cent the interest is levied on partners' capital in the absence of partnership deed?

1. 14 % Per annum
2. 12 % Per annum
3. No interest is levied
4. 6 % Per annum

Answer: C) No interest is levied

Explanation:

In the absence of a partnership deed in a partnership firm, no interest is levied on the partner's capital.