Question

A and B are partners in partnership firm without any agreement. A has given a loan of ₹50,000 to the
firm. At the end of year loss was incurred in the business. Following interest may be paid to A by the
firm: (1)
(A) @ 5% Per Annum
(B) @ 6% Per Annum
(C) @ 6% Per Month
(D) As there is a loss in the business, interest can’t be paid
with calculation

Answer 1

Answer:

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Answer 2

A option should be the answer.