alleryStart learning →Agreed interest on capital is ₹20,000 but divisible profit is ₹15,000. Maximum payable?
A₹20,000
B₹5,000
C₹15,000
DNil
Answer & Solution
Correct answer: C. ₹15,000
Interest on capital is paid only out of profits, so it cannot exceed the 15,000 available.
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