2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Fundamentals of Partnership

12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm : Fundamental

  • question_answer
    In case of fixed capitals, interest on capital:

    A) is credited to partner’s capital account

    B) is credited to partner’s current account

    C) may be credited to partner’s capital or current account

    D) is debited to partner’s capital account

    Correct Answer: B

    Solution :

    [b] is credited to partner’s current account


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