Question : On 1 January 2020, a partner advanced a loan of Rs.1,00,000 to the firm. In absence of a deed, interest on loan payable on 31st March 2020 will be:

Option 1: Nil

Option 2: Rs.1,500

Option 3: Rs.6,000

Option 4: Rs.3,000

Question : On 1st June, 2018 a partner introduced in the firm additional capital Rs. 50,000. In the absence of partnership deed, on 31st march 2019 he will receive interest:

Option 1: Rs. 3,000 

Option 2: Zero 

Option 3: Rs. 2,500

Option 4: Rs. 1,800

Question : Right Retail Ltd., an unlisted (Non-NBFC/HFC) company, had 10,000, 12% Debentures of Rs. 100
each outstanding for redemption as follows:
On 31st March 2019 2,000 Debentures,
On 31st March 2020 3,000 Debentures,
On 31st March, 2021 Balance Debentures.

Before the company redeems 3,000 debentures on 31st March 2020, how much the amount transferred to DRR is -----

Option 1: Rs 1,00,000

Option 2: Rs 2,00,000

Option 3: Rs 80,000

Option 4: None of the above

Question : A and B are equal partners with capitals of Rs.2,00,000 and Rs.1,00,000 respectively. As per deed, they are allowed an interest @ 8% p.a. on capital. During the year, the firm earned a profit of Rs.12,000. Interest on capital allowed to A and B will be:

Option 1: Rs.16,000 and Rs.8.000 respectively

Option 2: Rs.8,000 and Rs.4,000 respectively

Option 3: Nil

Option 4: Rs.6,000 each

Question : In the absence of a partnership deed, Interest on a loan of a partner is allowed.

Option 1: @ 6% p.a.

Option 2: @12% p.a.

Option 3: No interest is allowed

Option 4: @ 8% p.a.

Question : In the absence of a partnership deed, Interest on a loan of a partner is allowed.

Option 1: @ 6% p.a.

Option 2: @12% p.a.

Option 3: No interest is allowed

Option 4: @ 8% p.a.