In the absence of an agreement among the partners:

Name: In the absence of an agreement among the partners:
Brand: Quizplus
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In the absence of an agreement among the partners, interest is typically not allowed on capital investments or charged on drawings, nor is compensation provided for extra time devoted to the partnership. However, interest is allowed on advances to the firm made by partners beyond their agreed investments as a way to recognize the additional financial support provided to the partnership.

In the Absence of an Agreement Among the Partners