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On 1st June 2018 a partner introduced in the firm additional capital rs50,000. In the absence of partnership deed, on 31st March 2019 he will receive interest :
rs3,000
Zero
rs2,500
rs1,800
- In the absence of a partnership deed, no interest is generally credited on capital unless agreed otherwise.
- Option 1: Rs 3,000 - Assumes an interest rate of 6% on Rs 50,000 for 10 months. This is incorrect without a predefined agreement.
- Option 2: Zero - In the absence of a deed, partners receive no interest on additional capital. This is correct.
- Option 3: Rs 2,500 - Suggests an assumption of 5% annual interest, calculated over the full year, incorrect without an agreement.
- Option 4: Rs 1,800 - Assumes an alternative interest calculation, not applicable without prior consent.
Correct Answer: Option 2: Zero
By: santosh ProfileResourcesReport error
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