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Interest on Capital Exceeds Profits

Interest on c...

Question

Interest on capital is usually provided only when the partners expressly agree upon for it.

A

None of the above

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B

Not sure

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C

No, the statement is not true

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D

Yes, the statement is true

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Solution

The correct option is D
Yes, the statement is true

Yes, interest on capital is usually provided only when the partners expressly agree upon for it.

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