Accountancy, asked by soorajmsooraj47, 3 months ago

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

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Answered by bhargavimarupally

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

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