Match List – I with List – II.

Choose the correct answer from the options given below :

A-III, B-I, C-II, D-IV

The correct answer is Option (2) - A-III, B-I, C-II, D-IV.

* Rate of interest on Call in Advance- 12% p.a.
As per Companies Act, 2013, the maximum rate of interest on calls in advance is 12%p.a. As per Companies Act, 2013, the maximum rate of interest on calls in arrears is 10% p.a.

* Rate of interest on Call in Arrear- 10% p.a.
As per Companies Act, 2013, the maximum rate of interest on calls in advance is 12%p.a. As per Companies Act, 2013, the maximum rate of interest on calls in arrears is 10% p.a.

* Rate of Interest on Partner Loan- 6% p.a. Interest on partner's loan is charge against profits and is debited to Profit and Loss account. Interest on partner's loan is provided @ 6%p.a. in absence of any agreement.

* Rate of Interest on Capital- As provided in partnership deed.
Unless explicitly stated in the partnership agreement, partners do not have the right to claim interest on the capital they have invested in the firm. So, interest on capital is provided as per partnership agreement.