A partner claim interest on capital __________.

Even if there is loss

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If there is profit

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If there is profit and there is an agreement to pay it

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Whether there is profit or loss to the firm

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Solution

The correct option is C If there is profit and there is an agreement to pay it
According to the Partnership Act 1932, every partner has an equal right to participate in the conduct and management of the business and has an equal share in the profit or loss of the firm, mentioned otherwise.

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A partner claim interest on capital __________.

The correct option is C If there is profit and there is an agreement to pay itAccording to the Partnership Act 1932, every partner has an equal right to participate in the conduct and management of the business and has an equal share in the profit or loss of the firm, mentioned otherwise.

The correct option is C If there is profit and there is an agreement to pay it
According to the Partnership Act 1932, every partner has an equal right to participate in the conduct and management of the business and has an equal share in the profit or loss of the firm, mentioned otherwise.