23. In a Partnership Firm forming a partnership deed is ___? Verbal Not Necessary Necessary Necessary in Writing Answer:B) Not Necessary Explanation: Forming a partnership deed in the partnership firm is not necessary according to Partnership Act, 1932. Learn...
(as defined in the Asset Purchase Agreement) in principal and interest, in accordance with the terms of the Asset Purchase Agreement; "Person" means any legal or natural person, corporation, firm, joint venture, partnership, whether general, limited or undeclared, trust, association, unincorporated...
28. What is the accepted rate of interest on a partner's loan account in the absence of a partnership deed in a partnership firm? 10 % Compound Interest Per annum 6 % Simple Interest Per annum 11 % Compound Interest Per annum 12 % Simple Interest Per annum ...