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  3. 12th Class
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  5. Fundamentals of Partnership

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

  • question_answer
    A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. Their capitals are fixed. Profit for the year amounting to Rs.9,000. B's share of profit Rs. ____ is to be shown in the ____account

    A) 9000 / Partners current account Credit Side

    B) 3,000 / Partners current account Debit Side

    C) 3,000 / Partners current account Credit Side

    D) 3,000 / Partners capital account Credit Side

    Correct Answer: C

    Solution :

    3,000 / Partners current account Credit Side


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