CUET AccountancyPartnership > HardIndian Partnership Act, 1932State GovernmentIndian Contract Act, 1872Central Government✅ Correct Option: 4Related questions:24 May Shift 1Choose the correct statement in respect of the Fixed Capital Method for a Partnership Firm :-2 June Shift 2When the date of drawing is not specified, interest on drawings are calculated for13 May Shift 2Ravi, one of the partners, provided Rs 1,00,000 loan to the firm. In the absence of partnership deed, interest on partner's loan is allowed @ _____?