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RP
Question Practice

In which situation does a partner receive interest on their capital during the payment process?

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
Reconstitution of a Partnershi...
Question Bank

In which situation does a part...

Single Answer MCQ
Q-00082303

In which situation does a partner receive interest on their capital during the payment process?

1

Only if specified in the deed

2

Always at 12% p.a.

3

When receiving a lump sum

4

If paid within one year

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