CBSE Class XII Accountancy Exam 2015 Question Paper
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Question : 1
Total: 23
In the absence of Partnership Deed, interest on loan of a partner is allowed :
- at 8% per annum
- at 6% per annum
- no interest is allowed
- at 12% per annum
Solution:
The correct answer is option (ii).Interest on loan of a partner is allowed at the rate of 6% per annum in absence of Partnership Deed.
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