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Question

As per provisions of the Partnership Act, executor is entitled to interest at ____% on the final amount due to the deceased partner.

A
4
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B
6
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C
8
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D
7.5
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Solution

The correct option is B 6
As per partnership Act 1932 , retire / death of the partner entitle to 6% interest p.a on the amount due from the death of partner from date of payment or proportionate of profit earn by firm

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