State the provisions of Indian Partnership Act regarding the payment of remuneration to a partner for the services rendered. Post category:Accountancy Reading time:1 mins read SOLUTION As per the Indian Partnership Act, in the absence of partnership deed, no remuneration is allowed to any partner for the services rendered. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostHow are mutual relations of partners governed in the absence of Partnership Deed? Next PostIs a sleeping* partner liable to the acts of other partners? You Might Also Like Following is the Balance Sheet of X and Y as at 31st March, 2019 who are partners in a firm sharing profits and losses in the ratio of 3 : 2 respectively : August 2, 2022 What is meant by Profitability Ratios? October 3, 2022 Following is the Balance Sheet of Abha and Binay as at 31st March, 2014: August 2, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Following is the Balance Sheet of X and Y as at 31st March, 2019 who are partners in a firm sharing profits and losses in the ratio of 3 : 2 respectively : August 2, 2022