In The Absence Of Agreement Partners Are Not Entitled To Receive

Aspects related to arbitration (in case of dispute between them), etc., will also be part of the agreement. 36. In the absence of an explicit agreement, interest of 6% per annum is granted: (A) At the opening of the balance of the partner`s capital accounts (B) When closing the balance of the partner`s capital accounts (C) Loans granted by the company`s partners (D) At the opening of the partner`s current account balance Note: The total amount, salary + share of profits 49. A, B and C are partners in a company without an agreement. They contributed 750,000, 730,000 and 720,000 capital to the company. A was unable to work six months a year due to illness. At the end of the year, the company gained a contract of 7 15 000. A`s share in the profit will be: (A) 77,500 (B) 73,750 (C) 75,000 (D) 72,500 45. The net profit of a company is ₹49,500. The manager is entitled to a commission of 10% on the profit before calculating his commission.

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