A) A minor can be admitted as a partner but his rights and liabilities are same of adult partner.
B) Interest on drawings is calculated whether firm is in profit or loss.
C) Guaranteed amount will be given to the partner whether firm is in profit or loss.
D) Interest on Partner's loan is not paid if firm is in loss.
Correct Answer: D
Solution :
Interest on Partner's loan is not paid if firm is in loss.
You need to login to perform this action.
You will be redirected in
3 sec
