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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
    Which one of the following items cannot be recorded in the profit and loss appropriation account?

    A) Interest on capital

    B) Interest on drawings

    C) Rent paid to partners   

    D) Partner’s salary

    Correct Answer: C

    Solution :

    [c] Rent paid to partners


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