In the absence of a partnership deed, the act stipulates that____________
FINANCIAL
JAMB 2018
In the absence of a partnership deed, the act stipulates that____________
- A. An amount should be fixed as salaries for partners
- B. Profits and losses should not be shared equally
- C. Interest on partner
- D. Interest should not be allowed on partners drawings
Correct Answer: D. Interest should not be allowed on partners drawings
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