Accountancy, asked by soorajmsooraj47, 1 month ago

a partners is entitled to 6% interest per annum on __________​

Answers

Answered by bhargavimarupally
0

Answer:

According to the provisions of Partnership Act 1932, any amount which is over and above the retiring or deceased partner's fixed capital, in the form loan or advances shall be entitled to interest at the rate of 6% per annum

Explanation:

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