In the absence of an agreement, interest on a loan advanced by the partner to the firm is allowed at the rate of ____________
A. 5%
B. 6%
C. 10%
D. 9%
Answer:B
In the absence of an agreement, interest on a loan advanced by the partner to the firm is allowed at the rate of ____________
A. 5% B. 6% C. 10% D. 9%