Accountancy, asked by tpadmaratnavalli12, 9 months ago

provisions of partnership act when deed is silent

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Answered by kkverma30122002

1

Answer:

In the absence of a Partnership Deed, or if the Partnership Deed is silent on a certain point, the following provisions of partnership Act, 1932 will be applicable.....Profit and losses are to be shared equally irrespective of their capital contribution. No interest on capital shall be allowed to the partners.

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