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According to the Partnership Act, 1932, the interest payable to the deceased partner on the amount left by him will be ______. -

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Question

According to the Partnership Act, 1932, the interest payable to the deceased partner on the amount left by him will be ______.

Options

  • 6% p.a.

  • 10% p.a.

  • 12% p.a.

  • 16% p.a.

MCQ

Solution

According to the Partnership Act, 1932, the interest payable to the deceased partner on the amount left by him will be 6% p.a.

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Dissolution of a Partnership Firm - Settlement of Accounts
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