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प्रश्न
Which of the following is not incorporated in the Partnership Act?
पर्याय
Profit and loss are to be shared equally.
No interest is to be allowed on capital.
All loans are to be allowed interest @ 6% p.a.
All drawings are to be charged interest.
MCQ
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उत्तर
All drawings are to be charged interest.
Explanation:
The Indian Partnership Act, 1932, does not automatically provide for charging interest on drawings made by the partners. Interest on drawings is not mandatory and is only applicable if it is explicitly stated in the partnership deed.
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