CUET Accountancy - If the partnership deed is silent on interest on capital, then: | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 1

Partnership

Easy

common

No interest on capital is payable

Interest on capital is only paid to partner contributing more capital

Interest on capital paid equally to all partners

Interest on capital is paid @6% p.a.

✅ Correct Option: 1

Related questions:

30 May Shift 2

A partnership deed usually doesn't contain the following details:

30 May Shift 1

In the Proforma of Partner's Capital Account under the Fluctuating capital Method, the Credit side includes the following items:

(A) Balance b/d (in case of credit opening balance)

(B) Salaries

(D) Profit and Loss Appropriation (for share of profit)

Choose the correct answer from the options given below:

16 May Shift 1

If the amount is withdrawn at the end of each quarter, the interest is calculated on the total money withdrawn during the year, for a period of _______?

CUET Accountancy 2025 27 May Shift 1 PYQs

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