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  • Basics of Partnerships Test - 1
  • What will be paid to the partners in the absence of partn...
Multiple choice

What will be paid to the partners in the absence of partnership deed?

  1. Interest on Capital

  2. Salary to Partners

  3. Interest on Loan

  4. Commission to Partners

  5. Profit in ratio of their capitals

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Interest on loan is a charge against profit. Interest on loan will be paid @ 6% p.a. to the partner.

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