Which of the following is not true of a partnership business without written agreement?
A.
profit and losses will shared equally
B.
interest not to be paid on capital
C.
interest on drawings is to be at the rate 5% per annum
D.
salaries are not allowed to partners
E.
money in excess of capital agreed to subscribe is to attract an interest of 5% per annum
Correct Answer: Option C
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