Where there is no agreement made by the partners, the following provisions takes place except...
FINANCIAL
JAMB 2019
Where there is no agreement made by the partners, the following provisions takes place except
- A. No salary for partners acting in the business
- B. There is interest on capital
- C. No interest to be charged on drawings
- D. Profit and loss are to be shared equally
Correct Answer: B. There is interest on capital
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