Interest on loan is ........

+2 votes

asked Mar 25, 2019 in Class 12 by kratos

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+1 vote

answered Jan 16, 2021 by kratos

Best answer

Interest on loan is a liability.

On the dissolution of partnership firm, losses will be charged first : (a) out of profit (b) from partner’s loan account
For getting share in assets of firm, a new partner brings : (a) capital (b) loan (c) goodwill
For getting share in profits, a new partner brings : (a) capital (b) loan (c) goodwill
In the absence of partnership deed, the interest on loan payable at is :
All partners wishes to dissolve the firm. Yastin, a partner wants that her loan of Rs. 2,00,000 must be paid off before the payment

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