CUET Accountancy - Which statements are true about partnership: (A) Each partner carrying on the business is the principal as well as the agent for all the other partners. (B) Valid partnership can be formulated even without a written agreement between the partners. (C) Interest on partner's loan is to be given @ 12% p.a., if the deed is silent about the rate (D) The maximum number of partners can be 50. Choose the correct answer from the options given below: | PYQs + Solutions