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 A has withdrawn Rs. 50,000 out of his capital as Drawings.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 : In a Partnership firm, a Partner withdrew Rs. 5,000 per month on the first day of every month during the year for personal expenses. If interest on Drawimgs is charged @ 6% PA, the interest charged will Be

Option 1: Rs. 3,600

Option 2: Rs. 1,950

Option 3: Rs. 1,800

Option 4: Rs. 1,650

Question : In a Partnership firm, a Partner withdrew Rs. 5,000 per month on the first day of every month during the year for personal expenses. If interest on Drawimgs is charged @ 6% PA, the interest charged will Be

Option 1: Rs. 3,600

Option 2: Rs. 1,950

Option 3: Rs. 1,800

Option 4: Rs. 1,650