Question: When is the Partnership Act enforced ? A. when there is no partnership deed B. where there is a partnership deed but there are differences

When is the Partnership Act enforced ?

A. when there is no partnership deed

B. where there is a partnership deed but there are differences of opinion between the partners

C. when capital contribution by the partners varies

D. when the partners salary and interest on capital are not incorporated in the partnership deed

Which one of the following items cannot be recorded in the appropriation account ?

A. interest on capital

B. interest on drawings

C. rent paid to partners

D. partners salary

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