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Treating Manager as Partner

Can a partner...

Question

Can a partnership firm give remuneration to partners even without having a partnership deed?

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Solution

Dear Student,
If there is no partnership deed, no remuneration can be given to any partner.

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

Q. In the absence of specific provision in the partnership deed at what rate salary and remuneration would be paid to the partners __________.

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