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Question

Accountancy Question on Partnership

In the absence of partnership agreement, mutual relations of partners are governed by the ________

A

Provision of Indian partnership Act 1942

B

Provision of Indian partnership Act 1956

C

Provision of Indian partnership Act 1936

D

Provision of Indian partnership Act 1932

Answer

Provision of Indian partnership Act 1932

Explanation

Solution

The correct option is (D) :Provision of Indian partnership Act 1932.