Q476
Where on the outgoing of a partner, other partners continue in business without a final settlement of accounts, under the scheme of section 37 of the Indian Partemership Act, 1932 the outgoing partner is entitled to
A.
Interest on the unpaid capital
B.
Share in the profits
C.
Both (A) and (B)
D.
Either (A) or (B)
AnswerAnswer: Option D
Solution
Answer: Option D
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