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Asked by Shubham Last Modified
Answer 
| Rose | Lily | |
| Interest on loan 6%
Residue of profits (24600-600) |
12000 | 600
12000 |
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Dev Prabhakar Tiwari
Math's and accounts professional trainer 8 year teaching experience in Home 🏠tuition and school
If partnership deed is silent then
>no salary,commission are paid to partner's.
>profit is distributed equally between parnters.
>Interest on partner's loan not exceeding 6%
In the given case Rose is not entitle for salary and profit after charging interest 600 (10000×6%) will be distributed between parnters equally.
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