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  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 will you record interest on drawings?

    A) Debit side of profit and Loss appropriation account

    B) Credit side of profit and Loss appropriation account

    C) Credit side of profit and loss account

    D) Debit side of capital/current account only

    Correct Answer: B

    Solution :

    [b] Credit side of profit and loss appropriation account


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