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प्रश्न
| Shruti and Vandna were partners. Their capitals as on 1st April 2023 were ₹ 3,00,000 and ₹ 2,00,000, respectively. Interest on capital is to be allowed @ 8% p.a. as a charge. On 1st November 2023, Shruti advanced ₹ 2,00,000 as a loan to the firm, and on the same date, the firm advanced a loan of ₹ 80,000 to Vandna. Both the loans were without an agreement. The loss for the year ending 31st March, 2024, before allowing and charging interest on the loan, was ₹ 35,000. |
Based on the above information, choose the correct answer:
Interest on loan by Shruti ______.
पर्याय
Will not be allowed because there is no agreement to allow interest.
Will not be allowed because there is no agreement regarding rate of interest.
Will not be allowed because the firm has incurred a loss during the year.
Will be allowed @ 6% p.a.
MCQ
रिकाम्या जागा भरा
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उत्तर
Interest on loan by Shruti will be allowed @ 6% p.a.
Explanation:
Interest on loans will be allowed at 6% per annum, being a charge against profits.
shaalaa.com
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