As per the Indian Partnership Act, 1932, the rate of interest allowed on loans advanced by partners is
A. 8% per annum
B. 12% per annum
C. 5% per annum
D. 6% per annum
Answer:D
As per the Indian Partnership Act, 1932, the rate of interest allowed on loans advanced by partners is
A. 8% per annum B. 12% per annum C. 5% per annum D. 6% per annum