A claims 6% p.a. interest on his capital. Is his claim valid if partnership deed is silent in this matter? Post category:Accountancy Reading time:1 mins read SOLUTION He cannot claim any interest. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostX has given a loan of Rs. 50,000 to the firm. He claims 10% p.a. interest. Is his claim valid in case partnership deed is silent in this matter? Next PostB has drawn Rs. 50,000 from the firm for his personal use during the year. Firm wants to charge 6% p.a. interest on this amount. Can the interest be charged, if partnership deed is silent in this matter? You Might Also Like A, B and C are partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. B decides to retire from the firm. Calculate new profit-sharing ratio of A and C in the following circumstances: (a) If B gives his share to A and C in the original ratio of A and C. (b) If B gives his share to A and C in equal proportion. (c) If B gives his share to A and C in the ratio of 3 : 1. (d) If B gives his share to A only. August 3, 2022 How will the Realisation Account closed, if it discloses a loss? September 27, 2022 XYZ Ltd. invited applications for issuing 50,000 Equity Shares of Rs. 10 each. The amount was payable as: July 15, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.

A, B and C are partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. B decides to retire from the firm. Calculate new profit-sharing ratio of A and C in the following circumstances: (a) If B gives his share to A and C in the original ratio of A and C. (b) If B gives his share to A and C in equal proportion. (c) If B gives his share to A and C in the ratio of 3 : 1. (d) If B gives his share to A only. August 3, 2022

XYZ Ltd. invited applications for issuing 50,000 Equity Shares of Rs. 10 each. The amount was payable as: July 15, 2022