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 will be paid to the partner if provided for in the partnership deed but only out of:

    A) profits                 

    B) reserves

    C) accumulated profits

    D) goodwill

    Correct Answer: A

    Solution :

    [a] profits


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