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vikash and Yuvraj are partner in …

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vikash and Yuvraj are partner in a firm without a partnership deed.Vinod capital is ₹ 10000 and Yuvraj capital is ₹ 14000.Yuvraj has advanced a loan of 5000 and claim interest at the rate of 12% per annum on it. state with regions weather is claim is valid or not

Posted by Saurabh Singh 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Hari Shankar Yadav 6 years, 11 months ago

Claim is not valid becoz if partnership deed is silent then interest on loan will be provided @6% p.a.

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CBSE > Class 12 > Accountancy

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