PSEB SS Accountancy Practice Questions - Punjab School Education Board (PSEB) Senior Secondary Accountancy (Class 12 - Accountancy Elective, Subject Code 142) Exam

In the absence of a partnership deed, interest on partners' capital is:

Allowed at 6% p.a. Allowed at 12% p.a. Not allowed Allowed only if profits are sufficient

Correct Answer:

Not allowed

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