Correct option is D
In the absence of a partnership deed, no interest is charged on the drawings of a partner. This means that partners can withdraw money from the partnership without incurring interest charges.
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In the absence of partnership deed, identify the rate of interest that should be charged on the drawings of a partner.
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CUET 2025 English Language Mock 01
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50 Questions
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- 1)Identify the correct sequence of the following steps involved in calculating cash flows from operating activities of a company:
(A) Operating profit before working capital change
(B) Cash generated from operations
(C) Income tax paid
(D) Net cash flow from operating activities
(E) Goodwill amortised
Choose the correct answer from the options given below: - 2)Identify the correct sequence of the following steps involved in calculating cash flows from operating activities of a company:
(A) Operating profit before working capital change
(B) Cash generated from operations
(C) Income tax paid
(D) Net cash flow from operating activities
(E) Goodwill amortised
Choose the correct answer from the options given below:
