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  3. 12th Class
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12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm - Fundamentals

  • question_answer
    A and B are partners entered into the partnership on 01.11.2020 without any partnership deed with a capital of Rs.5,00,000 each. On 01.12.2020 Mrs. A advance Rs.2,00,000 by way of loan to the firm @ 9% p.a. Interest on Mrs. A loan on 31st March 2021 will be:

    A) 12,000

    B) 6,000

    C) No Interest on Loan

    D) 3,000

    Correct Answer: B

    Solution :

    6,000


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