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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
    Interest on drawings will not be charged if:

    A) There is loss      

    B) Appropriations are more than the profits

    C) Date of withdrawn is not given     

    D) Partnership deed is silent on interest on drawings

    Correct Answer: D

    Solution :

    Partnership deed is silent on interest on drawings


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