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

12th Class Accountancy Fundamentals of Partnership Question Bank Case Based - Accounting for Partnership Firm - Fundamental

  • question_answer
    Identify the correct Statement:

    A) Interest on Capital: VK Rs.10,000; GK Rs.10,000 and MK Rs.5,000

    B) Interest on Capital: VK Rs.5,000; GK Rs.5,000 and MK Rs.5,000

    C) Interest on Capital: VK Rs.5,000; GK Rs.5,000 and MK Rs.2,500

    D) Interest on Capital: VK Rs.6,250; GK Rs.3,750 and MK Rs.2,500

    Correct Answer: C

    Solution :

    Interest on Capital: VK Rs.5,000; GK Rs.5,000 and MK Rs.2,500


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