State the rules which are applicable in the absence of partnership deed. (any four) Answer... MP Board Class-12 BOOK KEEPING AND ACCOUNTANCY question answer collection

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Que : 81. State the rules which are applicable in the absence of partnership deed. (any four)
Answer: In case partners do not adopt a partnership deed, the following rules will apply: the partners will share profits and losses equally. Partners will not get a salary. Interest on capital will not be payable.

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