One of the partner contributed Rs.30,000 in the firm.How much interest he will get on the capital contributed?

Nil

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6% of 30,000

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5% of 30,000

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Income of the above

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Solution

The correct option is A Nil
b'Partner contributed Rs 30,000 in the firm but gave up firm is not mention so interest capital contributed as nil'

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One of the partner contributed Rs.30,000 in the firm.How much interest he will get on the capital contributed?

The correct option is A Nilb'Partner contributed Rs 30,000 in the firm but gave up firm is not mention so interest capital contributed as nil'

The correct option is A Nil
b'Partner contributed Rs 30,000 in the firm but gave up firm is not mention so interest capital contributed as nil'