true

Take Class 12 Tuition from the Best Tutors

Affordable fees
1-1 or Group class
Flexible Timings
Verified Tutors

Search in

Provisions of Indian Partnership Act 1932- In Absence of Partnership deed

Madhura Sagar G.

05/05/2022 1 0

1. Interest on Loan taken by Firm should be 6 percent per annum.

2. Interest on Loan given by the Firm should be nil

3. No partner could be admitted in the firm without the consent of the exisiting partners.

4. Interest on Capital, Interest on Drawings and Partner's Salary/comission should be nil.

5. The Profit sharing ratio between the partners, for both profit and loss should be equal.

1 Like 0 Dislike

Follow 2

Other Lessons for You

GST Goods and Service Tax Meaning and Type

The goods and services tax (GST) is a tax on goods and services sold domestically for consumption. The tax is included in the final price and paid by consumers at point of sale and passed to the government...

Subhash Chandra Thakur

0 0

What are Reserves & Provisions? Lets understand in detail-

Provisions:There are some expenses and losses which are specific to incur, but their amount cannot be known with certainty as they are not yet incurred. It is necessary to make provision for such certain...

Arpita S.

0 0

Introduction To Accounting: Part 1: Need For Accounting

Whenever we start doing business, a number of transactions take place. For example, if we start a business of say, a book store (i.e. we’ll be buying books from wholesalers and publishers, and selling...

Nishant Kumar

0 0

Is accountancy science and art? Explain ?

Is accountancy science and art?:--Accountancy plays a very important role in these days of growing commercial and trade. Frequently various laws and Acts like—Company’s Act, M.R.T.P. Act are...

Kousiki Chakraborty

1 0

Basics of Accounting_Chapter-1

Rahul Kumar Pugalia

0 0

Find Class 12 Tuition near you

Looking for Class 12 Tuition ?

Learn from Best Tutors on UrbanPro.

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you

Class 12 Tuition Questions

Define Matrix.

102 Answers

What is the difference between Cash & Cash Equivalent?

36 Answers

What are the fixed assets? Give example.

5 Answers

How to become a tutor in urbanpro?

30 Answers

difference b/w cash & cash eqivalant..

25 Answers

Looking for Class 12 Tuition Classes?

The best tutors for Class 12 Tuition Classes are on UrbanPro

Select the best Tutor
Book & Attend a Free Demo
Pay and start Learning

Take Class 12 Tuition with the Best Tutors

The best Tutors for Class 12 Tuition Classes are on UrbanPro

I am a Student I am a Tutor
Name*	Please enter your full name. Please enter institute name.
Email*	Please enter your email address.
Phone*	Please enter a valid phone number.
Location*	Please enter a pincode or area name.
City*	Please enter city name.
Category*	Please enter category.
Gender*	Male Female Please select your gender.
Email ID/ Mobile No.*	Please enter either mobile no. or email.
Enter Password*	Please enter OTP Please enter Password Sorry, this phone number is not verified, Please login with your email Id.