It is already said that if partnership deed is silent then no interest on capital and drawing will be given, no salary will be given then how does the partnership firms manage these situations because without salary and other things partnership firms will not run.
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Good Question.
Well, if nothing is mentioned in the Deed then obviously they must be getting their share of profit or loss from the business they are carrying out.
But in most cases, the provisions for such conditions are mentioned in the Partnership Deed or Agreement.
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