English
Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

In the absence of an agreement, partners are entitled to _________. - Accountancy

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Question

In the absence of an agreement, partners are entitled to _________.

Options

  • Salary

  • Commission

  • Interest on loan

  • Interest on capital

MCQ
Fill in the Blanks

Solution

In the absence of an agreement, partners are entitled to Interest on loan.

shaalaa.com
Interest on Loan from Partners
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Chapter 3: Accounts of partnership firms–fundamentals - Multiple choice questions [Page 111]

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Samacheer Kalvi Accountancy [English] Class 12 TN Board
Chapter 3 Accounts of partnership firms–fundamentals
Multiple choice questions | Q I 8. | Page 111
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