Tapan and Mirza are partners in a partnership firm without any agreement. Tapan has given a loan of Rs. 50000 to the firm. At the end of the year, the loss was incurred in the firm. What percentage of interest shall be paid to Tapan by the firm?

🎲 Try a Random Question  |  Total Questions in Quiz: 39  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Partnership Practice Test Questions — practice the complete quiz, review flashcards, or try a random question.

A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations.


Tapan and Mirza are partners in a partnership firm without any agreement. Tapan has given a loan of Rs. 50000 to the firm. At the end of the year, the loss was incurred in the firm. What percentage of interest shall be paid to Tapan by the firm?






ADVERTISEMENT