CA CPT June 2015 Question Paper Mercantile Laws for online practice

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Question : 38 of 40

Marks: +1, -0

A entered into partnership agreement with B, in which A makes an advance to the firm in addition ofhis capital to be contributed by him, after dissolution of firm :

A is not entitled to claim interest on his advances
After dissolution of firm A’s right is retained to his capital only not to advances
A will be entitled to interest till firm earn profits
A is entitled to claim interest till the date of dissolution

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