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Which of the following is not a content of partnership deed?
  • a)
    Interest on Bank Loan
  • b)
    Interest on Partner’s Loan
  • c)
    Interest on Capital
  • d)
    Interest on Drawings
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of the following is not a content of partnership deed?a)Interest...
Interest on bank loan will be fixed by the bank and not by the partners or partnership deed. A partnership deed can show only those contents which are concerned with partners or firm. Interest on bank loan is a charge against the profit. It means it will be paid in all conditions whether there is profit or loss in the business.
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Which of the following is not a content of partnership deed?a)Interest on Bank Loanb)Interest on Partner’s Loanc)Interest on Capitald)Interest on DrawingsCorrect answer is option 'A'. Can you explain this answer?
Question Description
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