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If the partnership deed is silent then interest of advances is taken
None of the above
If any partner has advanced some money to the firm beyond the amount of his capital for the purpose of business, he shall be entitled to get an interest on the amount at the rate of 6 per cent per annum.
By: NIHARIKA WALIA ProfileResourcesReport error
There is not mentioned that who is taking advance the firm or partner?
it is assumed that it related to the advances taken by the firm
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