Question

the absence of partnership deed, interest on loan of a partner is allowed:

A. at 8% p.a

B. at 6% p.a

C. No interest is allowed

D. at 12% p.a​

Answer 1

Answer:

if the loan is given by a partner to the firm then it will be

B.6% p.a.

if the loan is given to the partner by the firm then it would be

C. no interest is allowed.

Answer 2

Answer :

_______________________________

OPTION C : NO INTEREST IS ALLOWED

we know that, partnership deed is a written Agreement among partners. It is basically made when two or more people want to start a new business.

If partnership deed isn't made among partners...

we can't allow any interest on capital which is the part of agreement.

________________________________

Thanks & Good day :)

©Sachin BhaleRao...