Question:
Where a partner is entitled to interest on the capital contributed by him, such interest is payable
Where a partner is entitled to interest on the capital contributed by him, such interest is payable
Updated On: Aug 5, 2024
- out of profits only
- out of capital if no profits
- out of capital if losses
- none of the above
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The Correct Option is A
Solution and Explanation
The correct option is (A):out of profits only.
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