Teaching Accountancy Partnership Accounts Question Bank MCQ - Partnership Accounts

  • question_answer
    Match the following
    List I List II
    A. Interest on partners capital is chargeable to the extent of available……. 1. Competing
    B. The amount due to the retiring partner can be made by...... payment method. 2. Mutual
    C. A partner must not carry on a ...... business. 3. Profit
    D. Partners are mutual......for each other. 4. Lump-sum
    Codes

    A)          A\[\to \]4, B\[\to \]3, C\[\to \]1, D\[\to \]2

    B)         A\[\to \]3, B\[\to \]4, C\[\to \]1, D\[\to \]2

    C)         A\[\to \]3, B\[\to \]4, C\[\to \]2, D\[\to \]1

    D)         A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1

    Correct Answer: B


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