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  3. 12th Class
  4. Accountancy
  5. Fundamentals of Partnership

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

  • question_answer
    Profit and Loss Appropriation Account is prepared:

    A) In case of Sole Proprietorship Business

    B) In case of Partnership business only

    C) in case of all business firms except the sole proprietorship business

    D) Both and options are correct

    Correct Answer: B

    Solution :

    In case of Partnership business only


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