If partnership deed 1s silent, interest is payable at ........ pa… - Vidyadip

MCQ

If partnership deed $1s$ silent, interest is payable at $........$ payable to the retiring partner.

A
$10\%$ p. a.
B
$12\%$ p.a.
C
zero
✓
$6\%$ p.a.

✓

Answer

Correct option: D.

$6\%$ p.a.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "MCQ" from Board Question Paper : May 2021→Board Question Paper : May 2021 — all question types→Elements of Account STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

At the time of dissolution a motor car of $Rs. 30,000$ is taken by a partner Axay which is not shown in the books of account. On which account amount of motor-car is debited?

What is the base for the valuation of goodwill?

Where are the effects given when the value of assets increase at the time of the reconstruction of a partnership firm?

By calculating interest on drawings account, partner's capital$.......$

As per accounting standard$-26 ........... ,$ goodwill can not be shown in the books.

$A, B$ and $C$ are partners sharing profit-loss sharing of $2: 2: 1$. At the retirement of $\mathrm{C}$, gaining ratio of partner $A$ and $B$ is $3: 2$. New profit-loss sharing ratio is

Which method is appropriate for the computation of goodwill when every year profit is increasing ?

Payment to creditors and for bills payable means$..........$

The amount of premium received on issuing debentures at premium is$........$

'Goodwill' is which type of asset?