Match List-I with List-II

If the partnership deed is silent regarding the items provided in List-I

List-I	List-II
(A) Interest on Capital	(I) to be shared equally
(B) Interest on Loan	(II) not charged
(C) Interest on Drawings	(III) not payable
(D) Sharing of Profits	(IV) @6% p.a.

Choose the correct answer from the options given below:

When the partnership deed is silent on certain matters, the provisions of the Indian Partnership Act, 1932 apply by default.

(A) Interest on Capital → (III) not payable

When the deed is silent, partners are not entitled to any interest on their capital contributions. Interest on capital is allowed only if specifically mentioned in the partnership deed.

(B) Interest on Loan → (IV) @6% p.a.

When a partner advances money to the firm as a loan (beyond capital), the partner is entitled to interest at the rate of 6% per annum as per Section 13(d) of the Partnership Act. This applies even in the absence of any agreement.

(C) Interest on Drawings → (II) not charged

When the deed is silent, no interest is charged on drawings made by partners. Interest on drawings is charged only if there is a specific provision in the partnership deed.

(D) Sharing of Profits → (I) to be shared equally

As per Section 13(b) of the Partnership Act, when the deed is silent about profit sharing ratio, profits and losses must be shared equally among all partners, regardless of their capital contributions.

Correct matching: (A)-(III), (B)-(IV), (C)-(II), (D)-(I)