Question

Deed. Q. 6. Mention any four provisions of the Partnership Act, in the absence of Part- nership Deed. ​

Answer 1

Answer:

Explanation:

In the absence of partner ship deed

1. Profit will be shared equally
2. Partners are not entitled to get any remunarations
3. No intrest on capital and drawings
4. interest 6% per annum to be allowed a partners loan to the firm