A) Profits will be shared equally when appropriations are more than the profits
B) Profits will be shared equally when there is loss in the firm.
C) Interest on drawings is not calculated in case firm is in loss.
D) When there is no partnership deed, interest on drawings is not calculated.
Correct Answer: D
Solution :
When there is no partnership deed, interest on drawings is not calculated.You need to login to perform this action.
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