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Accountancy · 2024 · 1 mark

CBSE 2024 · Region 4 · Set 1 · Q9

Riya, Rita and Renu were partners in a firm. On 31st March, 2023 Renu retired. The amount payable to Renu ₹ 2,17,000 was transferred to her loan…

Riya, Rita and Renu were partners in a firm. On 31st March, $\displaystyle 2023$ Renu retired. The amount payable to Renu ₹ $\displaystyle 2,17,000$ was transferred to her loan account. Renu agreed to receive interest on this amount as per the provisions of Partnership Act, 1932. The rate at which interest would be paid to Renu is :
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.