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 :
(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​

Answer 1

Explanation:

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 :

(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

@ 5