Solution of Question number 1 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2026-27 Edition


In The absence of a Partnership Deed, State the provisions of the Partnership Act, 1932 relating to:

a) Salaries of Partners
b) Interest on partner’s capitals
c) Interest on loan by partner
d) Division of Profit,
e) Interest on partner’s drawings
f) Interest on Loan to partners