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Barun, Tarun, and Shivam are partners in a firm and do not have a partnership Deed. Barun introduced further capital of ₹ 5,00,000 on 1st October 2022. Whereas Shivam took a loan of ₹ 50,000 from the firm on 1st October 2022. Disputes have arisen among them on the following:

Solution:- Solution:- Video Solution Link Watch Video Solution of this Question Click Here a) In the case of the absence of a Partnership deed. Provisions of the Indian partnership Act 1932 would apply. No interest on capital would be allowed.…