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The deed says partner B will get special interest on additional capital. How is it different from normal interest on capital?

Answer and explanation

Correct answer: It applies only to additional capital as a special clause

Special interest applies only to the capital and partner stated in the deed. Read it separately from the general rule.

Related tags

Special InterestAdditional CapitalDeedPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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