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

  • question_answer
    Mohan a partner given loan to the firm on 1st October 2020 without any agreement to interest. On 31st March 2021, Interest on loan was paid to him Rs.8,000 and Rs.1,000 interest was still outstanding. How much loan Mohan had given to the firm?

    A) 1,50,000  

    B) 2,00,000

    C) 2,50,000

    D) 3,00,000

    Correct Answer: D

    Solution :

    3,00,000


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