In which proportion profit-loss will be shared
between the partness of no provision is
made in the partnership deed ?
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Answer:
As per the Partnership Act, if there is no partnership agreement regarding rate of interest on loan, it is provided at 6% p.a. In the absence of partnership deed, profits of a firm are distributed equally among all the partners
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when there is no agreement among the partner the profit or loss of the firm will be shared in the capital ratio.
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