if partnership deed is silent on the profit sharing ratio;interest @_______per annum is allowed on loans advanced by partners .
gopal rjp
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- 81 Answers
81 Answers
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Nidhi
- 03 Nov
- 0 Comment
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If the partnership deed is silent on any of the issues then the rules regarding the partnership act will come into play.br /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
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Vamsi
- 05 Jul
- 0 Comment
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