CUET Preparation Today
Identify the true statement in respect of a partnership Firm- |
Rent paid to a partner is a charge and interest on loan from the partner is an appropriation for the firm. Rent paid to partner and Interest on loan from the partner, both are charges for the firm. Rent paid to a partner is an appropriation and interest on loan from the partner is a charge for the firm. Rent paid to partner and Interest on loan from the partner, both are appropriation for the firm. |
Rent paid to partner and Interest on loan from the partner, both are charges for the firm. |
The correct answer is Option (2) → Rent paid to partner and Interest on loan from the partner, both are charges for the firm. |
