Which of the following rule applies to the partnership firm in the absence of a partnership deed?
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Question:
Which of the following rule applies to the partnership firm in the absence of a partnership deed?
- Equal profit sharing ratio
- Profit based salary to the partners
- No interest shall be charged on capital
- 6 % Interest on Drawings
Related Book For
Equity Asset Valuation
ISBN: 978-0470571439
2nd Edition
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
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