2. Questions Bank
  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
    A partner introduced additional capital of Rs.3,000 and advanced a loan of Rs.4,000 to the firm at the beginning of the year. Partner will receive year’'s interest:

    A) Rs.420

    B) Rs.240     

    C) Nil                               

    D) Rs.180

    Correct Answer: B

    Solution :

    [b] Rs.240
    Hint: Interest on Loan = 4,000 \[\times \] 6/100 = Rs.240


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