Question on: JAMB Accounting - 2019

Where there is no agreement made by the partners, the following provisions takes place except

A

No salary for partners acting in the business

B

There is interest on capital

C

No interest to be charged on drawings

D

Profit and loss are to be shared equally

Ask EduPadi AI for a detailed answer
Correct Option: B

Add your answer

Notice: Please post responsibly.

Please share this, thanks!

No responses