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प्रश्न
When there is no partnership deed, the partners are entitled to which of the following?
पर्याय
Salary
Profit share in capital ratio
Interest on loans and advances
Commission
MCQ
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उत्तर
Interest on loans and advances
Explanation:
Salaries, profit-sharing ratios, commissions, and so on are determined by the partnership deed; however, if there is no partnership document, the partner is responsible for paying the interest on the loan he took out at 6%.
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