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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
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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
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