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  5. Fundamentals of Partnership

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

  • question_answer
    A and B are partners in partnership firm without any agreement. A has given a loan of Rs.50,000 to the firm. At the end of year, loss was incurred in the business. Following interest may be paid to A by the firm:

    A) @5% per annum

    B) @6% per annum

    C) @6% per month

    D) as there is a loss in the business, interest can’t be paid

    Correct Answer: B

    Solution :

    [b] @6% per annum


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