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
    Interest on capital is allowed on:

    A) the opening capital

    B) the capital at the year end

    C) average capital of the year

    D) the capital in the middle of the year

    Correct Answer: A

    Solution :

    [a] the opening capital


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