Advertisements
Advertisements
Question
In the absence of Partnership Deed, interest on a loan of a partner is allowed :
(1) at 8% per annum
(2) at 6% per annum
(3) no interest is allowed
(4) at 12% per annum
Advertisements
Solution
at 6% per annum
Interest on loan of a partner is allowed at the rate of 6% per annum in absence of Partnership Deed
shaalaa.com
Is there an error in this question or solution?
