Question

is interest on capital provided to partners at the time of dissolution of partnership firm ?

Answer 1

Answer:

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Explanation:

Profit Sharing Ratio: If the partnership deed is silent about the profit sharing ratio, the profits and losses of the firm are to be shared equally by partners, irrespective of their capital contribution in the firm. ... Thus, no interest on capital is payable if the partnership deed is silent on the issue.

Answer 2

Answer:

No

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