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प्रश्न
A partner introduced additional capital of ₹ 30,000 and advanced a loan of ₹ 40,000 to the firm at the beginning of the year. The partner will receive the year’s interest:
विकल्प
₹ 4,200
₹ 2,400
Nil
₹ 1,800
MCQ
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उत्तर
₹ 2,400
Explanation:
Interest on capital is payable only if provided in the partnership deed and only out of profits, while interest on a partner’s loan is always allowed @ 6% per annum, even if there is a loss.
Interest on loan = `40,000 xx 6/100`
= ₹ 2,400
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