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  3. 12th Class
  4. Accountancy
  5. Fundamentals of Partnership

12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm : Fundamental

  • question_answer
    In the absence of partnership, interest on loan of a partner is allowed:                        (CBSE 2015)

    A) @ 8% per annum

    B) @ 6% per annum

    C) @ 12% per annum         

    D) No interest is allowed

    Correct Answer: B

    Solution :

    [b] @ 6% per annum


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