In the absence of express agreement, interest @ 6./. p. a. is provided a) on opening balance of partner capital accounts b) on closing balance of partner's capital accounts c) on loan given by partner to the firm d) on opening balance of partner current account

In the absence of express agreement, interest @ 6./. p. a. is provided

1.	In the absence of express agreement, interest @ 6./. p. a. is provided a) on opening balance of partner capital accounts b) on closing balance of partner's capital accounts c) on loan given by partner to the firm d) on opening balance of partner current account
Answer» C) on LOAN GIVEN by PARTNER to the FIRM.

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In the absence of express agreement, interest @ 6./. p. a. is provided a) on opening balance of partner capital accounts b) on closing balance of partner's capital accounts c) on loan given by partner to the firm d) on opening balance of partner current account​

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In the absence of express agreement, interest @ 6./. p. a. is provided a) on opening balance of partner capital accounts b) on closing balance of partner's capital accounts c) on loan given by partner to the firm d) on opening balance of partner current account