Q1567
A and B are partners in a partnership firm without any agreement. A has given a loan of Rs. 50,000 to the firm. At the end of the year, the business incurred loss. The following interest may be paid to A by the firm
A.
5% per annum
B.
6% per annum
AnswerC.
6% per month
D.
As there is a loss in the business, interest cannot be paid
Answer: Option B
Solution
Answer: Option B
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