Vinod and yuvraj are partners in …
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Vinod and yuvraj are partners in a firm without a partnership deed.vinods capital is rs10000 and yuvrajs capital is rs14000. Yuvraj has advanced a loan of rs5000 and claims intrest @12%p.a.on it .state with reasons whether his claim valid or not?
Posted by Sonu Susan 7 years, 5 months ago
- 2 answers
Rahul Singh 7 years, 5 months ago
No,Yuvraj is wrong he only get 6% PA because partnership act 2013 stated without any partnership deed only 6% int payable on partner loan.
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Ravi Rajput 7 years, 5 months ago
0Thank You