Question

Interest on capital will be paid to the partners if provided for in the agreement but only from ________ (a) Current Year’s Profits. (b) Reserves. (c) Accumulated Profits. (d) Goodwill

Answer 1

Interest on capital will be paid to the partners if provided for in the agreement but only from Accumulated Profits.

So, the answer is :-

[C] Accumulated Profits. ✓✓

Answer 2

Hello Friend

Ans

Option.C

Thank you