Millionaire Mode

Partnership Accounts - Profit and Capital Adjustments

Question 1 of 34

In the absence of an agreement to the contrary, the partners are :

  1. Entitled to $6%$ interest on their capitals only when there are profits
  2. Entitled to $9%$ interest on their capitals only when there are no profits
  3. Entitled to interest on capital at the bank rate only when there are profits
  4. Not entitled to any interest on their capitals

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000