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Questions
KMXCJBV629
Target Exam
CUET
Subject
-- Accountancy Part A
Chapter
Accounting for Partnership
Question:
In the absence of Partnership Deed, how much interest is allowed on partner’s capital?
Options:
6% pa
No interest on capital
10% pa
5%pa
Correct Answer:
No interest on capital
Explanation:
In the absence of partnership deed, No interest on capital will be provided to the partners.
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