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  • Partnership and Not-for-Profit Accounting
  • In the absence of the partnership deed, interest on drawi...
Multiple choice

In the absence of the partnership deed, interest on drawings is

  1. charged from the partners

  2. charged from profit

  3. not charged from the partners

  4. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

It is not charged from partners in the absence of partnership deed or agreement.

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