-All partners are equal.
-Profits/losses to be shared equally.
-No salaries is to be paid to any partner.
-No interest on capital.
-No interest is to be charged on drawings.
-Prescribed rate of interest is to be paid on loans by partners to the business.
-All partners are presumed to be active.
Kavungya answered the question on September 25, 2019 at 09:01
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Additional information
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Additional information
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