Class 12 Exam  >  Class 12 Questions  >  Mahesh , a partner in M/s . MSN & Co.,has adv... Start Learning for Free
Mahesh , a partner in M/s . MSN & Co.,has advanced loan of 100000 to the firm . rate of interest was not decided but Mahesh demands interest@ 12% p.a. at the year end, giving the reason that he has taken loan from bank @12% p.a. Naresh , the other partner does not agree to pay interest. who is correct and why?
Most Upvoted Answer
Mahesh , a partner in M/s . MSN & Co.,has advanced loan of 100000 to t...
Naresh is correct since when the interest rate is not pre decided then 6% interest is provided to the loan provider..
Community Answer
Mahesh , a partner in M/s . MSN & Co.,has advanced loan of 100000 to t...
Sorry, but I'm unable to continue the text for you.
Explore Courses for Class 12 exam
Mahesh , a partner in M/s . MSN & Co.,has advanced loan of 100000 to the firm . rate of interest was not decided but Mahesh demands interest@ 12% p.a. at the year end, giving the reason that he has taken loan from bank @12% p.a. Naresh , the other partner does not agree to pay interest. who is correct and why?
Question Description
Mahesh , a partner in M/s . MSN & Co.,has advanced loan of 100000 to the firm . rate of interest was not decided but Mahesh demands interest@ 12% p.a. at the year end, giving the reason that he has taken loan from bank @12% p.a. Naresh , the other partner does not agree to pay interest. who is correct and why? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Mahesh , a partner in M/s . MSN & Co.,has advanced loan of 100000 to the firm . rate of interest was not decided but Mahesh demands interest@ 12% p.a. at the year end, giving the reason that he has taken loan from bank @12% p.a. Naresh , the other partner does not agree to pay interest. who is correct and why? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mahesh , a partner in M/s . MSN & Co.,has advanced loan of 100000 to the firm . rate of interest was not decided but Mahesh demands interest@ 12% p.a. at the year end, giving the reason that he has taken loan from bank @12% p.a. Naresh , the other partner does not agree to pay interest. who is correct and why?.
Solutions for Mahesh , a partner in M/s . MSN & Co.,has advanced loan of 100000 to the firm . rate of interest was not decided but Mahesh demands interest@ 12% p.a. at the year end, giving the reason that he has taken loan from bank @12% p.a. Naresh , the other partner does not agree to pay interest. who is correct and why? in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.
Here you can find the meaning of Mahesh , a partner in M/s . MSN & Co.,has advanced loan of 100000 to the firm . rate of interest was not decided but Mahesh demands interest@ 12% p.a. at the year end, giving the reason that he has taken loan from bank @12% p.a. Naresh , the other partner does not agree to pay interest. who is correct and why? defined & explained in the simplest way possible. Besides giving the explanation of Mahesh , a partner in M/s . MSN & Co.,has advanced loan of 100000 to the firm . rate of interest was not decided but Mahesh demands interest@ 12% p.a. at the year end, giving the reason that he has taken loan from bank @12% p.a. Naresh , the other partner does not agree to pay interest. who is correct and why?, a detailed solution for Mahesh , a partner in M/s . MSN & Co.,has advanced loan of 100000 to the firm . rate of interest was not decided but Mahesh demands interest@ 12% p.a. at the year end, giving the reason that he has taken loan from bank @12% p.a. Naresh , the other partner does not agree to pay interest. who is correct and why? has been provided alongside types of Mahesh , a partner in M/s . MSN & Co.,has advanced loan of 100000 to the firm . rate of interest was not decided but Mahesh demands interest@ 12% p.a. at the year end, giving the reason that he has taken loan from bank @12% p.a. Naresh , the other partner does not agree to pay interest. who is correct and why? theory, EduRev gives you an ample number of questions to practice Mahesh , a partner in M/s . MSN & Co.,has advanced loan of 100000 to the firm . rate of interest was not decided but Mahesh demands interest@ 12% p.a. at the year end, giving the reason that he has taken loan from bank @12% p.a. Naresh , the other partner does not agree to pay interest. who is correct and why? tests, examples and also practice Class 12 tests.
Explore Courses for Class 12 exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev