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Sweta and Tripti are partners sharing profits and losses in the ratio of 2 : 1 with capitals of ₹ 3,00,000 and ₹ 2,00,000. If the partnership deed is silent as to interest on capital - Accounts

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प्रश्न

Sweta and Tripti are partners sharing profits and losses in the ratio of 2 : 1 with capitals of ₹ 3,00,000 and ₹ 2,00,000.

If the partnership deed is silent as to interest on capital and the profits for the year are ₹ 60,000, then Tripti’s share of interest on capital will be:

विकल्प

  • ₹ 18,000

  • Nil

  • ₹ 27,000

  • ₹ 12,000

MCQ
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उत्तर

Nil

Explanation:

Interest on capital is not allowed if the partnership deed of the firm does not provide for interest on capital.

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अध्याय 1: Accounting for Partnership Firms - Fundamentals - OBJECTIVE TYPE QUESTIONS [पृष्ठ १.१९४]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
अध्याय 1 Accounting for Partnership Firms - Fundamentals
OBJECTIVE TYPE QUESTIONS | Q 28. | पृष्ठ १.१९४
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