Business Studies, asked by anant4966, 1 year ago

Explain the rules applicable in the absence of partnership deed?​

Answers

Answered by Anonymous
6

Explanation:

Rules Applicable in the Absence of an Agreement. Under the Partnership Act, 1932 the following rules will be applicable in the absence of an agreement among the partners: Profit or losses of the firm will be shared equally by the partners.(section 13) Interest on capital will not be allowed to any partner

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