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AP
Question Practice

What is the interest rate on loans given by a partner to the firm, as per the Act?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Accounting for Partnership: Ba...
Question Bank

What is the interest rate on l...

Single Answer MCQ
Q-00082006

What is the interest rate on loans given by a partner to the firm, as per the Act?

1

5% per annum

2

6% per annum

3

10% per annum

4

12% per annum

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