wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

ABC, a partnership firm, does not have a Partnership Deed. The firm wants to pay remuneration to the partners. How can it do so?

Open in App
Solution

If a partnership firm does not have a Partnership Deed, no partner is entitled to a remuneration or commission for participating in the business of the firm. Hence. ABC firm cannot pay remuneration to its partners

flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
SGST and CGST
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon