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  3. 12th Class
  4. Accountancy
  5. Fundamentals of Partnership

12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm - Fundamentals

  • question_answer
    Loan obtained from the bank @ 9% p.a. but there is no partnership deed. How much interest will be paid to the bank?

    A) 6% fixed

    B) 6% per annum

    C) 9% p.a.  

    D) No, interest

    Correct Answer: C

    Solution :

    9% p.a.


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