Choose the incorrect pair. | Item | Section | | --- | --- | | (a) Interest on Capital | Sec 13(c) | | (b) Remuneration to Partners | Sec 13(a) | | (c) Interest on Drawings | Sec 13(d) | | (d) Profit Sharing Ratio | Sec 13(b) | (a) Interest on Capital - Sec 13(c) (b) Remuneration to Partners - Sec 13(a) (c) Interest on Drawings - Sec 13(d) (d) Profit Sharing Ratio - Sec 13(b)

> > [!TLDR] > The incorrect pair is (c) Interest on Drawings - Sec 13(d). > > Section 13 of the Indian Partnership Act, 1932 lays down the default rules when the deed is silent (Accounts of Partnership Firms – Fundamentals, TN HSC Commerce): > > | Item | Correct position | > | --- | --- | > | (a) Interest on Capital → Sec 13(c) | Correct (interest on capital payable only out of profits) | > | (b) Remuneration to Partners → Sec 13(a) | Correct (no partner is entitled to remuneration) | > | (c) Interest on Drawings → Sec 13(d) | **Incorrect** | > | (d) Profit Sharing Ratio → Sec 13(b) | Correct (profits shared equally) | > …

Choose the incorrect pair. | Item | Section | | -- – Class 12 Accountancy

Question 35 of 43

Choose the incorrect pair.

Item	Section
(a) Interest on Capital	Sec 13(c)
(b) Remuneration to Partners	Sec 13(a)
(c) Interest on Drawings	Sec 13(d)
(d) Profit Sharing Ratio	Sec 13(b)

Interest on Capital - Sec 13(c)
Remuneration to Partners - Sec 13(a)
Interest on Drawings - Sec 13(d)
Profit Sharing Ratio - Sec 13(b)

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The incorrect pair is (c) Interest on Drawings - Sec 13(d).

Section 13 of the Indian Partnership Act, 1932 lays down the default rules when the deed is silent (Accounts of Partnership Firms – Fundamentals, TN HSC Commerce):

Item	Correct position
(a) Interest on Capital → Sec 13(c)	Correct (interest on capital payable only out of profits)
(b) Remuneration to Partners → Sec 13(a)	Correct (no partner is entitled to remuneration)
(c) Interest on Drawings → Sec 13(d)	Incorrect
(d) Profit Sharing Ratio → Sec 13(b)	Correct (profits shared equally)
…

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