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Commerce · Q2108

Accounting

Graduate and Post Graduate · Commerce · question 2108

Q2108

Which of the following is not incorporated in the Partnership Act?

A.
Profit and loss are to be shared equally
B.
No interest is to be charged on capital
C.
Allloans are to be charged interest @ 6%p.a
D.
All drawings are to be charged interest
Answer

Answer: Option D

Solution

Answer: Option D
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