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when it is given in the partnership deed that to allow interest on partners' capital .But rate of interest is not given. The firm is incurring loss. Whether interest will be allowed or not.If yes at what percentage?

    • Posted by Prasanta Dash 7 years ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Arinan Aggarwal 6 years, 10 months ago

    Yes . Interest will be given. Percentage will be 6%.

    0Thank You

    ANSWER
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