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प्रश्न
On 1st January, 2023, Abhishek, a partner, advanced a loan of ₹ 3,00,000 to the firm. In the absence of a partnership agreement, the amount of interest on the loan for the year ending 31st March, 2023, will be ______.
पर्याय
₹ 18,000
₹ 4,500
₹ 9,000
No interest will be provided.
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उत्तर
On 1st January, 2023, Abhishek, a partner, advanced a loan of ₹ 3,00,000 to the firm. In the absence of a partnership agreement, the amount of interest on the loan for the year ending 31st March, 2023, will be ₹ 4,500.
Explanation:
In the absence of a partnership deed, the Indian Partnership Act, 1932, applies. According to its provisions:
Interest on a loan by a partner to the firm is payable at 6% per annum, even if there is a loss in the business.
Interest = `3,00,000 xx 6/100 xx 3/12`
= ₹ 4,500
