12th Class
Accountancy
Fundamentals of Partnership
Question Bank
MCQs - Accounting for Partnership Firm : Fundamental
question_answer
A and B are partners in partnership firm without any agreement. A has given a loan of Rs.50,000 to the firm. At the end of year, loss was incurred in the business. Following interest may be paid to A by the firm:
A)@5% per annum
B)@6% per annum
C)@6% per month
D)as there is a loss in the business, interest cant be paid