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Accountancy · 2026 · 1 mark

CBSE 2026 · Region 2 · Set 2 · Q1

Shiv, Riya and Rohit were partners in a firm. On 1st October, 2024 Rohit had given a loan of ₹ 2,00,000 to the firm, at an interest rate of 10% p.a.…

Shiv, Riya and Rohit were partners in a firm. On 1st October, $\displaystyle 2024$ Rohit had given a loan of ₹ $\displaystyle 2,00,000$ to the firm, at an interest rate of $\displaystyle 10$% p.a. as per the partnership agreement. The accountant of the firm is emphasizing that interest on loan will be paid at $\displaystyle 6$% p.a. The amount of interest on loan paid to Rohit for the year ended 31st March, $\displaystyle 2025$ will be :
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