Partnership

Accountancy

Can anyone explain me the below point?

Soumya A

CA Inter

★ 20K+

10-Dec-21 02:44

477

Answers (2)

Is this correct...iin the absence of agreement there is no Int on capital and salary to a partner

Dhakshana Dhakshana

CFA L2

★ 18K+

10-Dec-21 07:32

Dhakshana Dhakshana

Is this correct...iin the absence of agreement there is no Int on capital and salary to a partner

Yes as per Indian Partnership Act

Sahibdeep Singh

CA Inter

★ 14K+

13-Dec-21 14:47