Question

(0) In the absence of Partnership Deed, a Partner who advances money to the firm beyond the account of his/her capital is entitled to get interest thereon at the rate of % per annum as per Partnership Act, 1932.​

Answer 1

Answer:

6% p.a.

Explanation:

In the absence of Partnership Deed, a Partner who advances money to the firm now entitled to get the rate of 6% p.a. as per Partnership Act, 1932