Question

In the absense of partnership deed Intrest on capital is
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Answer 1

Explanation:

Interest on partner's capital: If the partnership deed is silent on interest on partner's capital, then according to the Partnership Act of 1932, no interest on capital should be given to the partners of the firm.

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Answer 2

Interest on partner's capital: If the partnership deed is silent on interest on partner's capital, then according to the Partnership Act of 1932, no interest on capital should be given to the partners of the firm.