Interest on Loan CBSE Question 2026 Accounting for Partnership PYQs

Partnership Accounts: Interest on Loan & No Partnership Deed Rules

Shiv, Riya and Rohit were partners in a firm. On 1st October, 2024 Rohit

had given a loan of ₹ 2,00,000 to the firm, at an interest rate of 10% p.a.

as per the partnership agreement. The accountant of the firm is

emphasizing that interest on loan will be paid at 6% p.a. The amount of

interest on loan paid to Rohit for the year ended 31st March, 2025 will be :

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