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Interest on Capital Exceeds Profits

As per provis...

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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