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Here is the solution to it. a) In the absence of a partnership deed. provisions of the Indian Partnership Act 1932 would apply. no interest in the partner’s capital would be allowed. Ramesh and Suresh both are correct. b) In…
a) In The absence of Partnership Dee, provisions of the Indian Partnership Act, of 1932 are applied and no Salaries to partners are provided. Hence no salaries would be provided to Partners. b) In The absence of the Partnership Deed,…
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The Planning Commission of India was set up in 1950.
Transaction Money is the other name Money Supply. Money supply only includes those components of Money which can readily be used in the settlement of Economic Transactions. Money supply includes. Currency and coins with the public outside banks Demand Deposits…