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      Question

      According to Indian Partnership Act, 1932 partner

      making, for the purposes of the business, any payment or advance beyond the amount of capital he has agreed to subscribe, is entitled to interest thereon at the rate of …... percent per annum;
      A 6 Correct Answer Incorrect Answer
      B 7 Correct Answer Incorrect Answer
      C 8 Correct Answer Incorrect Answer
      D 5 Correct Answer Incorrect Answer
      E 9 Correct Answer Incorrect Answer

      Solution

      Section 1 3(d) of Indian Partnership Act, 1932Β  partner making, for the purposes of the business, any payment or advance beyond the amount of capital he has agreed to subscribe, is entitled to interest thereon at the rate of six per cent. per annum Β 

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