10:[["$","title","0",{"children":"CUET Accountancy - In the absence of partnership deed, interest on drawings is charged at. | PYQs + Solutions | AfterBoards"}],["$","meta","1",{"name":"description","content":"undefined As per the **Indian Partnership Act, 1932**, when there is no partnership deed or when the deed is si<=nt on certain matters, specific provisions automatically apply. For interest on drawings, the Act states that **no interest is char>=d** on the amount withdrawn by partners from the business. Interest on drawings is only applicab<= when it is **specifically mentioned in the partnership deed** with the rate and terms c<=arly stated.

**Other key provisions in absence of partnership deed:** - Profit sharing → Equal ratio - Interest on capital → Nil - Interest on loan by partner → 6% per annum - Salary to partners → Nil The correct answer is **Option 2: Nil**"}],["$","link","2",{"rel":"manifest","href":"https://www.afterboards.in/manifest.json","crossOrigin":"$undefined"}],["$","meta","3",{"name":"keywords","content":"CUETACC,ACC,Partnership,Accounting"}],["$","meta","4",{"name":"robots","content":"index, follow"}],["$","meta","5",{"name":"category","content":"education"}],["$","meta","6",{"name":"google-site-verification","content":"google"}],["$","meta","7",{"property":"og:title","content":"CUET Accountancy - In the absence of partnership deed, interest on drawings is charged at. | PYQs + Solutions"}],["$","meta","8",{"property":"og:description","content":"undefined As per the **Indian Partnership Act, 1932**, when there is no partnership deed or when the deed is si<=nt on certain matters, specific provisions automatically apply. For interest on drawings, the Act states that **no interest is char>=d** on the amount withdrawn by partners from the business. Interest on drawings is only applicab<= when it is **specifically mentioned in the partnership deed** with the rate and terms c<=arly stated.

**Other key provisions in absence of partnership deed:** - Profit sharing → Equal ratio - Interest on capital → Nil - Interest on loan by partner → 6% per annum - Salary to partners → Nil The correct answer is **Option 2: Nil**"}],["$","meta","9",{"property":"og:url","content":"https://www.afterboards.in/past-year-questions/cuet-accountancy/2025/slot-18/15"}],["$","meta","10",{"property":"og:site_name","content":"AfterBoards | CUET Accountancy Preparation"}],["$","meta","11",{"property":"og:image","content":"https://www.afterboards.in/pyp/AfterBoards%20CUET%20Past%20Year%20Papers%20with%20Solutions.webp"}],["$","meta","12",{"property":"og:type","content":"website"}],["$","meta","13",{"name":"twitter:card","content":"summary_large_image"}],["$","meta","14",{"name":"twitter:site","content":"afterboards.in"}],["$","meta","15",{"name":"twitter:title","content":"CUET Accountancy - In the absence of partnership deed, interest on drawings is charged at. | PYQs + Solutions"}],["$","meta","16",{"name":"twitter:description","content":"undefined As per the **Indian Partnership Act, 1932**, when there is no partnership deed or when the deed is si<=nt on certain matters, specific provisions automatically apply. For interest on drawings, the Act states that **no interest is char>=d** on the amount withdrawn by partners from the business. Interest on drawings is only applicab<= when it is **specifically mentioned in the partnership deed** with the rate and terms c<=arly stated.

CUET Accountancy 2025 2 June Shift 2 PYQs

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