In absence of partnership deed: Interest on partner's loan is allowed @ 6% p.a. (A-III). Interest on drawings will not be charged (B-II). Salary will not be allowed/provided (C-IV). Profit sharing ratio is equal (D-I).
Match List I with List II in context of not having partnership deed.
| LIST I | LIST II | ||
|---|---|---|---|
| A. | Interest on loan | I. | Equal |
| B. | Interest on drawings | II. | Will not be charged |
| C. | Salary | III. | @ 6% p.a. |
| D. | Profit sharing ratio | IV. | Will not be allowed/provided |
Choose the correct answer from the options given below:
Held on 30 Aug 2022 · Verified 13 Jul 2026.
A - IV, B - I, C - III, D - II
A - III, B - IV, C - II, D - I
A - IV, B - III, C - II, D - I
A - III, B - II, C - IV, D - I
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