1.

Assertion (A) : Interest on capital to a partner is payable only out of profits. Reason (R): Interest on capital is an appropriation of profits which is required irrespective of profits or loss. a) Both A and R are true and R is the correct explanation of A b) Both A and R are true and R is not the correct explanation of A c) A is true , but R is false d) A is false , but R is true

Answer»

d) A is false , but R is true



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