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If the deed requires loan and capital to be kept separate, how will additional amount given by a partner be identified?

Answer and explanation

Correct answer: As loan or additional capital based on deed and agreement

The nature of extra amount from partner is decided by the deed. Rules for loan interest and capital interest may differ.

Related tags

Partner ContributionLoanCapitalPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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