Amar and Nimrat are partners in a firm, Amar withdraws ₹ 5,000 in the beginning of the month starting from 1st April, 2023 for 6 months
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Solution:- Case – I Note:- Interest is not charged on the Interest on Loan to partners if it is not mentioned in the partnership deed and not agreed upon among partners. Case – II Note:- If the rate of Interest…
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