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give reason weather B' claim is valid or not .....if the partnership deed is silent in this case:- B has advanced loan to the firm . He claims interest at the usual rate charged by banks. The rate of interest is 13 % p.a

Posted by Bhumika Banjare 6 years, 6 months ago

CBSE > Class 12 > Accountancy

2 answers

Nidhi Yadav 6 years, 6 months ago

No B's claim is invalid. Reason-in the absence of partnership deed int on loan is provided @6% p.a..So he can only claim for 6% int not the usual int rate of the bank.

0Thank You

Radhika Garg 6 years, 6 months ago

No his claim was not correct

0Thank You

ANSWER

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