Question : In the absence of an agreement, partners are entitled to

Option 1: Salary

Option 2: Commission

Option 3: Interest on loans and advances

Option 4: Profit share in capital ratio

Question : In the absence of an agreement, partners are entitled to

Option 1: Salary

Option 2: Commission

Option 3: Interest on loans and advances

Option 4: Profit share in capital ratio

Question : In the absence of partnership deed, partners are entitled to get:

Option 1: salary

Option 2: commission

Option 3: equal share in profit

Option 4: profits in capital ratio

Question : Following are essential elements of a partnership firm except :-

Option 1: Atleast two persons 

Option 2: There is an agreemenrt between all partners 

Option 3: Equal share of profit and losses 

Option 4: partnership agreement is for some business 

Question : Following are essential Elements of a Partnership firm except:-

Option 1: At least two Persons.

Option 2: There is an agreement between all partners.

Option 3: Equal share of Profit and loss.

Option 4: Partnership agreement is for some business.