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If there is no partnership deed then interest on capital will be charged at ______________p.a.
  • a)
    6%
  • b)
    8%
  • c)
    9%
  • d)
    NIL
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
If there is no partnership deed then interest on capital will be charg...
A partnership deed, also known as a partnership agreement, is a document that outlines in detail the rights and responsibilities of all parties to a business operation. It has the force of law and is designed to guide the partners in the conduct of the business. It is helpful in preventing disputes and disagreements over the role of each partner in the business and the benefits which are due to them.They charged at 6% if interest on capital if there is no partnership deed.
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Community Answer
If there is no partnership deed then interest on capital will be charg...
According to partnership act 1932, No interest on capital will be allowed in the absence of partnership deed.
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If there is no partnership deed then interest on capital will be charged at ______________p.a.a)6%b)8%c)9%d)NILCorrect answer is option 'D'. Can you explain this answer?
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