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Accountancy · 2026 · 1 mark

CBSE 2026 · Region 5 · Set 3 · Q8

Anish, Neha and Bindu were partners in a firm sharing profits and losses in the ratio of $\displaystyle 4$ : $\displaystyle 2$ : 1. On 1st October, $\displaystyle 2024$ Anish advanced a loan of ₹ $\displaystyle 4,00,000$ to the firm. In the absence of a partnership agreement, the amount of interest on loan due to Anish on 31st March, $\displaystyle 2025$ will be :

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