Question

In the absence of partnership deed what is the rate
of Interest on loan advanced by partnerer to the firm ie
allowed ?​

Answer 1

Answer:

In the absence of any such provision in the agreement, no interest will be allowed/charged on the capital and drawings and interest at the rate of 6 per cent per annum will be allowed on the partners' loans to the firm.

Answer 2

Answer:

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Explanation:

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