2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Fundamentals of Partnership

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

  • question_answer
    Where a partner is entitled to interest on capital conteributed by him, such interest will be payable:

    A) only out of profit

    B) only out of capital

    C) Both a and b

    D) None of these 

    Correct Answer: A

    Solution :

    [a] only out of profit


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