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P, Q and R were partners …

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P, Q and R were partners in a firm. On 31st March, 2018 R retired. The amount payable to R ` 2,17,000 was transferred to his loan account. R agreed to receive interest on this amount as per the provisions of Partnership Act, 1932. State the rate at which interest will be paid to R.

Posted by Vaidika Sahu 6 years, 4 months ago

CBSE > Class 12 > Accountancy

3 answers

Ankit Singh 6 years, 4 months ago

6%

Paĺlavi Kapil 6 years, 4 months ago

6% p.a

Vaidika Sahu 6 years, 4 months ago

6% p.a.

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