Which of the following statements are correct about partnership:-
(A) Each partner carrying on the business is the principal as well as the agent for all the other partners
(B) If the deed is silent, interest at the rate of 6% p.a. would be charged on the drawings made by the partner
(C) If the partnership deed is silent about the profit sharing ratio, the profits and losses of the firm are to be shared equally by partners
(D) Interest on partner's loan is to be given @ 12% p.a., if the deed is silent about the rate
Choose the correct answer from the options given below:
Held on 26 May 2025 · Verified 13 Jul 2026.
(B) and (D) only
(A), (B) and (D) only
(C) and (D) only
(A) and (C) only
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An unrecorded asset is taken over by a creditor in full settlement in such a case
The liability of partners is
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Identify the correct statement from the given below :-
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Work through every CUET UG Partnership PYQ, year by year.