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On 1st April 2018, a partner introduced additional capital of ₹ 50,000 in the firm but Partnership Deed is silent. The partner demands interest on capital @ 5% p.a. How much interest on capital will be payable to the partner: a) ₹ 3,000b) Interest on capital will not be allowed c) ₹ 2,500 d) ₹ 1,800 |
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Answer» Correct option is b) Interest on capital will not be allowed |
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