CA Foundation doubt
In net loss Is partner entitle to receive interest on advance by a partner to firm
Asked by Naman14 May 2024433 views
3 answers
Trupal · 14 May 2024
Yap, all partners are equally and severally liable for losses incurred.
Chanchal · 14 May 2024
Yes as it is charged against profits
Mishka · 14 May 2024
Yes. @6% pa
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