What are the effects of non registered partnership firm ?
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non regestired partnership firm effect.
1. no interest on capital
2. no interest on drawing.
3. no commission.
4. no salary.
5. if partner gives loan to firm than he received 6 % of interest on loan.
1. no interest on capital
2. no interest on drawing.
3. no commission.
4. no salary.
5. if partner gives loan to firm than he received 6 % of interest on loan.
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