21 Why might a partnership charge interest on partners drawings? (a) Because they want to increase the
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21 Why might a partnership charge interest on partners’ drawings?
(a) Because they want to increase the money taken out by partners
(b) To deter partners from taking excessive amounts from the business
(c) To ensure that all partners take an equal amount from the business
(d) The Partnership Act 1890 states that they have to charge interest
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Related Book For 
Accounting And Finance For Business
ISBN: 9780273773948
1st Edition
Authors: Geoff Black, Mahmoud Al-Kilani
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