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Krishan and Saif are partners in a partnership firm without any agreement. Krishan has withdrawn Rs. 60000 out of his capital as drawings. What is the percentage of interest on drawings that may be charged from Krishan by the firm?

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A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations.


Krishan and Saif are partners in a partnership firm without any agreement. Krishan has withdrawn Rs. 60000 out of his capital as drawings. What is the percentage of interest on drawings that may be charged from Krishan by the firm?






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