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प्रश्न
State whether the following statements is true or false :
Amount due to a retiring partner if not paid, appears as his loan in the books of the firm.
पर्याय
True
False
MCQ
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उत्तर
True
Explanation: Amount due to a retiring partner, if not paid, appears as his loan in the books of the firm, as it represents a liability that needs to be paid. Also, interest @ 6% p.a. is allowed till the date such amount remains outstanding.
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