Question on: WAEC Accounting - 1994

Which of the following is not true of a partnership business without written agreement?

A
profit and losses will shared equally
B
interest not to be paid on capital
C
interest on drawings is to be at the rate 5% per annum
D
salaries are not allowed to partners
Ask EduPadi AI for a detailed answer
Correct Option: C

Add your answer

Notice: Please post responsibly.

Please share this, thanks!

No responses