if partnership deed is silent on the profit sharing ratio;interest @_______per annum is allowed on loans advanced by partners .

gopal rjp

  • Gopal
  • 29 May
  • 17597 Views
  • 81 Answers
Your Answer

If the partnership deed is silent on any of the issues then the rules regarding the partnership act will come into play.
Here the deed is silent about profit sharing ratio and interest. Hence the profit sharing ratio is equal and the interest is given @6% per annum

1
blue Other Related Discussions
foundation
Practice Mock Test
foundation
Take Mock Testforward