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Tango and Fanta are partners. Their agreement states that interest shall be allowed on partners' capital accounts (calculated on opening balances each year) at 5%

Tango and Fanta are partners. Their agreement states that interest shall be allowed on partners' capital accounts (calculated on opening balances each year) at 5% per annum and charged on drawings. Profits and losses are shared in the ratio: Tango -two-thirds; Wells - one-third

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