Multiple Choice Questions on A partner introduced additional capital of 30 000 and advanced a loan of 40 000 to the firm at the b........... for UPSC EPFO Exam Preparation

Back to Main Page

Multiple Choice Questions

A partner introduced additional capital of 30 000 and advanced a loan of 40 000 to the firm at the b...........

General Accounting Principles Partnership
    Download Solution PDF

    A partner introduced additional capital of ?30,000 and advanced a loan of ?40,000 to the firm at the beginning of the year. Partner will receive year’s interest

    ?4,200

    Incorrect Answer

    ?2,400

    Correct Answer

    Nil

    Incorrect Answer

    ?1,800

    Incorrect Answer
    छोटे Courses बड़े Results
    Master Partnership
    Prepare through Micro-courses
    Try Now
    Explanation:

    If nothing is specified, interest on loan is to given 6% p.a

    40000*6% = 2400

    By: NIHARIKA WALIA
    ProfileResources

    Let's Discuss

    Master
    Partnership
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free