alleryUnder Section 13(d), a partner who makes a payment or advance beyond his agreed capital is entitled to interest at:
A9% per annum
BNo interest
C12% per annum
D6% per annum
Answer & Solution
Correct answer: D. 6% per annum
Section 13(d) allows 6% per annum on advances beyond agreed capital
unlike interest on capital, interest on such advances continues to run even after dissolution.
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