Question : A and B are Partners in a Partnership firm without any agreement. A has withdrawn Rs. 50,000 out of his capital as Drawings. Interest on Drawings may be charged from A by the firm.

Option 1: @ 5% p.a.

Option 2: @ 6% p.a.

Option 3: @ 6% per month

Option 4: No interest can be charged.

Question : In the absence of a partnership agreement, interest on partners' drawings is charged:

Option 1: @ 8% p.a.

Option 2: @ 9% p.a.

Option 3: @12% p.a.

Option 4: No interest is charged.

Question : In the absence of a partnership agreement, interest on partners' drawings is charged:

Option 1: @ 8% p.a.

Option 2: @ 9% p.a.

Option 3: @12% p.a.

Option 4: No interest is charged.

Question : C and D are partners. C draws a fixed amount at the beginning of every month. Interest on drawings is charged @ 10% p.a. At the end of the year, interest on C's drawings amounts to Rs 2,860. Drawings of C were:

Option 1: 5,200 per month

Option 2: 4,800 per month

Option 3: 4,400 per month

Option 4: 5,600 per month

Question : C and D are partners. C draws a fixed amount at the beginning of every month. Interest on drawings is charged @ 10% p.a. At the end of the year, interest on C's drawings amounts to Rs 2,860. Drawings of C were:

Option 1: 5,200 per month

Option 2: 4,800 per month

Option 3: 4,400 per month

Option 4: 5,600 per month