If there is partnership deed, then which one of the following will apply? a. Partners are not entitled to bonus O b. Interest on capital is not allowed O c. Interest will be charged on drawings O d. Partners are not entitled to salary
If there is partnership deed, then which one of the following will apply? a. Partners are not entitled to bonus O b. Interest on capital is not allowed O c. Interest will be charged on drawings O d. Partners are not entitled to salary
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![If there is partnership deed, then which one of the following will apply?
O a. Partners are not entitled to bonus
O b. Interest on capital is not allowed
O c. Interest will be charged on drawings
d. Partners are not entitled to salary](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F546d21eb-a2cf-48a4-ac40-637e347195f9%2F2a279dd4-bc8a-4db8-9707-89a4bf4dd3f1%2F0hwi30r_processed.png&w=3840&q=75)
Transcribed Image Text:If there is partnership deed, then which one of the following will apply?
O a. Partners are not entitled to bonus
O b. Interest on capital is not allowed
O c. Interest will be charged on drawings
d. Partners are not entitled to salary
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