Section 37 of partnership act provided interest on the amount left by retiring or decreased partner at:

Related MCQs

• If the remaining partner want to continue the business, after the retirement of a partner, a new partnership agreement:
• An incoming partner pays his share of goodwill in cash, and profit sharing ration of old partner is changed, Goodwill be distributed among old partners:
• A new partner may be admitted to a partnership:
• In the absence of an agreement, Interest on loan advanced by the partner to the firm is allowed at the rate of:
• A partners has to pay interest on drawings what is the entry in the personal A/c of the partner?
• Amount due to outgoing partner is shown in the balance sheet as his:
• As per section 78 of the companies act, amount collected as premium on securities cannot be utilized for:
• A is drawing Rs. 500 regularly on the 16th of every month, he will have to pay interest in a year on Rs. 6000 for the total period of @ given rate of interest):
• The amount of interest is credited by the buyer to ________
• Any partner who investments in the business but does not take active part in the business is: