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Assertion: Gopal and Mohan are partners in a firm without a partnership deed. Mohan gave a loan of ₹ 1,00,000 to the firm and demanded interest on loan @ 10% p.a. Reason: He will receive interest on loan @ 6% p.a. in the absence of Partnership Deeda) Assertion is correct but Reason is wrong. b) Assertion is wrong but Reason is correct. c) Both assertion and reason are wrong. d) Both assertion and reason are correct. |
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Answer» Correct option is a) Assertion is correct but Reason is wrong. |
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