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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
    A and B are partners. B has given a loan of Rs.40,000 to the firm on 1st July 2020. The partnership deed is silent upon the interest on loan. B claims 10% p.a. interest on his loan. What amount of interest is payable to B on 31st March 2021?

    A) 4,000 

    B) 3,000

    C) 2,400

    D) 1,800

    Correct Answer: D

    Solution :

    1,800


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