Enlist any two advantages and values revealed by partnership deed
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1. A, B and C are partners in a firm. A, who has advanced a loan of Rs 10,000 to the firm, demands interest on his loan at 10% p.a. at the end of the accounting period. State whether the claim of A is valid or not in absence of partnership deed. Also support your answer with sufficient reason.
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Answer:
No, A's claim is not valid .
Explanation:
because according to the absence of partnership deed A get only 6% interest on his loan.
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