Accounting 0452 · IGCSE · Partnerships

Partnerships — practice question

Jack and Gill are starting a business together as partners and are thinking about putting a partnership agreement in writing. What would not be included in any partnership agreement prepared by them?

  • Athe rate of interest to be charged on drawings
  • Bthe rate of interest to be paid on a loan from a partner
  • Cthe rate of interest to be paid on a loan received from the bank
  • Dthe rate of interest to be paid on the capital invested by each partner

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