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If partnership deed is silent about interest on capital what will be done in adjustment?

Answer and explanation

Correct answer: Interest on capital will not be allowed

Interest on capital is allowed only when deed provides it. If deed is silent no such adjustment is made.

Related tags

Deed SilentInterest On CapitalAdjustmentAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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