(i) Profits and looses will be shared unequally. (ii) Interest is not allowed on capital. (iii) Salaries are not allowed. (iv) Interest is charged on drawings. From the above, which of the following would apply where there is no agreement during partnership formation?

All Views, Names, Acronyms, Trademarks, Expressed on this website are those of their respective owners. Please note that www.schoolngr.com is not affiliated with any of the institutions featured in this website. It is always recommended to visit an institutions or sources official website for more information. In the same vein, all comments placed here do not represent the opinion of schoolngr.com

Register • Login

(i) Profits and looses will be shared unequally. (ii) Interest is not allowed on ...

Trending Questions

Citizenship refers to the

Catalytic hydrogenation of alkenes produces compounds with general formula ____________

The very first and second miracle of Jesus can be found in which book and chapter of ...

(a) State four functions of carbohydrates in farm animals. (b) List four organs ...

expand (2x-3y)(x-5y)

Correct Answer: C

Featured Information

Apply Now: FG Bilateral Education Agreement (BEA) 2024 Scholarship Awards

NECO GCE 2022 Registration Form | Instructions And Guidelines

Post-Utme 2022: List Of Schools Whose Post UTME Forms Are Out 2022/2023

JAMB CAPS 2021/2022: How To ACCEPT Or REJECT Admission Offer

Joint Admission And Matriculation Board (JAMB) Results 2022/2023

2022 WAEC GCE Registration Form | Instructions & Guidelines

Agbami Scholarship Campaign For Nigerians 2021

Jamb Introduces New Literature Text For Language Subjects And Literature In English For 2022 UTME

Stanbic IBTC University Scholarship 2021 For Nigerian Students

UBA Extends Application Deadline For Essay Submission

Subjects

• Accounts - Principles of Accounts

• Animal Husbandry

• Agricultural Science

• Arabic

• Biology

• Book Keeping

• Chemistry

• Commerce

• Christian Religious Knowledge (CRK)

• Civic Education

• Computer Studies

• English Language

• Economics

• Fine Arts

• French

• Further Mathematics

• Geography

• Government

• History

• Hausa

• Insurance

• Igbo

• Islamic Religious Knowledge (IRK)

• Literature in English

• Mathematics

• Music

• Physics

• Physical Education

• Sweet Sixteen

• The Life Changer

• Yoruba