Multiple Choice Questions on In the absence of a partnership deed the allowable rate of interest on partner rsquo s loan account ........... for Commerce 12th Preparation

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Multiple Choice Questions

In the absence of a partnership deed the allowable rate of interest on partner rsquo s loan account ...........

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    In the absence of a partnership deed, the allowable rate of interest on partner’s loan account will be :

    6% Simple Interest

    Incorrect Answer

    6% p.a. Simple Interest

    Correct Answer

    12% Simple Interest

    Incorrect Answer

    12% Compounded Annually

    Incorrect Answer
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    Explanation:

    6% p.a. Simple Interest

    By: santosh
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