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  3. 12th Class
  4. Accountancy
  5. Fundamentals of Partnership

12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm - Fundamentals

  • question_answer
    Which of the following is not applicable in the absence of partnership deed?

    A) No interest on capital and drawings

    B) Interest on Partner's Loan 6% p.a.

    C) No salary/remuneration to partners

    D) Profit are shared in capital ratio

    Correct Answer: D

    Solution :

    Profit are shared in capital ratio


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