Question

State any four rules of partnership which aply in the absence of partnership deed

Answer 1

Answer:

✔✔ Rules Applicable in the Absence of an Agreement. Under the Partnership Act, 1932 the following rules will be applicable in the absence of an agreement among the partners: Profit or losses of the firm will be shared equally by the partners.(section 13) Interest on capital will not be allowed to any partner. ✔✔

Answer 2

Rules Applicable in the Absence of an Agreement. Under the Partnership Act, 1932 the following rules will be applicable in theabsence of an agreement among the partners: Profit or losses of the firm will be shared equally by the partners.(section 13) Interest on capital will not be allowed to any partne