. On 1st January 2019, a partner advanced a loan of ₹1,00,000 to the firm. In the absence of agreement, interest on loan on 31st March 2019 will be : (A) Nil (B) ₹1,500 (C) ₹3,000 (D) ₹6,000
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option b) 1,500 is correct answer
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Answer:
₹1500
( 1,00,000 × 6/100 × 3/12)
- in absence of agreement or partnership deed 6% interest is charged on loan
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