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State the provisions of the Indian Partnership Act regarding the payment of remuneration to a partner for the services rendered. - Accountancy

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प्रश्न

State the provisions of the Indian Partnership Act regarding the payment of remuneration to a partner for the services rendered.

अति संक्षिप्त उत्तर
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उत्तर

As per the Indian Partnership Act, in the absence of any partnership deed, no salary or any kind of remuneration is allowed to the partners against their services.

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अध्याय 1: Accounting for Partnership Firms - Fundamentals - SHORT ANSWER QUESTIONS [पृष्ठ १.१२७]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
अध्याय 1 Accounting for Partnership Firms - Fundamentals
SHORT ANSWER QUESTIONS | Q 11. | पृष्ठ १.१२७
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