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?