Which of the following is not true of a partnership busin...
Which of the following is not true of a partnership business without written agreement?
Profit and losses will shared equally
Interest not to be paid on capital
Interest on drawings is to be at the rate 5% per annum
Salaries are not allowed to partners
Money in excess of capital agreed to subscribe is to attract an interest of 5% per annum
Correct answer is C
No explanation has been provided for this answer.
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