X 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? Post category:Accountancy Reading time:1 mins read SOLUTION No. He can get only 6% p.a. 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 PostSuresh and Ramesh are partners in a firm with capitals of Rs. 3,00,000 and 4,00,000 respectively. They do not have a partnership deed. Ramesh wants to share the profits in the ratio of Capitals. State with reason whether the claim is valid? Next PostA claims 6% p.a. interest on his capital. Is his claim valid if partnership deed is silent in this matter? You Might Also Like Balance Sheet of X, Y and Z who shared profits in the ratio of 5 : 3 : 2, as on 31st March, 2019 was as follows: August 4, 2022 Dissolution expenses amounting to Rs. 15,000 were to be borne by partner Y and the balance by the firm. Dissolution expenses amounted to Rs. 25,000 and the entire amount was paid by Y. Pass journal entry. September 27, 2022 Classify debentures from the point of view of redemption. September 29, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Balance Sheet of X, Y and Z who shared profits in the ratio of 5 : 3 : 2, as on 31st March, 2019 was as follows: August 4, 2022
Dissolution expenses amounting to Rs. 15,000 were to be borne by partner Y and the balance by the firm. Dissolution expenses amounted to Rs. 25,000 and the entire amount was paid by Y. Pass journal entry. September 27, 2022
