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Answer in one sentence only. What rate of interest is allowed on partner’s loan in the absence of an agreement? - Book Keeping and Accountancy

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प्रश्न

Answer in one sentence only.

What rate of interest is allowed on partner’s loan in the absence of an agreement?

एक पंक्ति में उत्तर

उत्तर

6% is the rate of interest to be allowed on partner’s loan in the absence of an agreement.

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Provision of the Indian Partnership Act 1932
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Introduction to Partnership and Partnership Final Accounts - Exercise 1.1 (Objective Questions) [पृष्ठ ५३]

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बालभारती Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 1 Introduction to Partnership and Partnership Final Accounts
Exercise 1.1 (Objective Questions) | Q I. F. 8) | पृष्ठ ५३

संबंधित प्रश्न

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The interest on capital of a partner is debited to _______ account.


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In the absence of an agreement, interest on the loan advanced by the partner to the firm is allowed at the rate of ______.


Write the word/phrase/term, which can substitute the following sentence.

Act under which partnership firms are regulated.


In the absence of an agreement, interest on the loan advanced by the partner to the firm is allowed at the rate of ______.


The Indian Partnership Act is in force since ______.


The Indian Partnership act is in force since ______.


The Indian Partnership act is in force since ______.


The Indian Partnership act is in force since ______.


The Indian Partnership act is in force since ______.


The Indian Partnership act is in force since ______.


The Indian Partnership act is in force since ______.


The Indian Partnership act is in force since ______.


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