In the absence of an agreement among the partners, interest on capital is
A. Not allowed
B. Allowed at bank rate
C. Allowed @ 5% per annum
D. Allowed @ 6% per annum
Answer:A
In the absence of an agreement among the partners, interest on capital is
A. Not allowed B. Allowed at bank rate C. Allowed @ 5% per annum D. Allowed @ 6% per annum