In the absence of any agreement, the interest to partners on the amount of loan advanced to the firm,…
Section 13(d) of the Indian Partnership Act provides that, absent an agreement to the contrary, a partner who advances a loan to the firm is entitled to interest at "6…
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In the absence of any agreement, the interest to partners on the amount of loan advanced to the firm, is allowed at
Answer and explanation
Correct answer B
Section 13(d) of the Indian Partnership Act provides that, absent an agreement to the contrary, a partner who advances a loan to the firm is entitled to interest at "6 Percent per annum".
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