Accountancy, asked by nickname2762, 9 months ago

Provision of partnership act when deed is silent

Answers

Answered by shinkarrahul
11

Explanation:

if partnership deed is silent then partnership Act cannot allowed you to charge interest on capital, you cannot charge interest on drawing, you cannot give any salary to any partner, any rent to any partner and any commission to any partner. also you have to share profit in equal ratio.

Similar questions