English, asked by simrankaurr042, 1 month ago

explain rules application in absence of partnership deed.

Answers

Answered by mg443379

4

Answer:

Absence of a Partnership Deed

The partners will share profits and losses equally. Partners will not get a salary. Interest on capital will not be payable. Drawings will not be chargeable with interest. Partners will get 6% p.a. interest on loans to the firm if they mutually agree.

Explanation:

i hope this answer is right

Answered by gabru372

0

Answer:

Absence of a Partnership Deed

The partners will share profits and losses equally. Partners will not get a salary. Interest on capital will not be payable. Drawings will not be chargeable with interest. Partners will get 6% p.a. interest on loans to the firm if they mutually agree.

Hope it will help you

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