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
    When partners’ capital accounts are floating, which one of the following items will be written on the credit side of the partners’ capital accounts?

    A) Interest on drawings

    B) Loan advanced by partner to the firm

    C) Partner’s share in the firm’s loss

    D) Salary to the active partners

    Correct Answer: D

    Solution :

    [d] Salary to the active partners


You need to login to perform this action.
You will be redirected in 3 sec spinner