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
    In case of fluctuating capitals, interest on capital:

    A) is credited to partner’s capital account

    B) is credited to partner’s current account

    C) may be credited to partner’s capital or current account

    D) interest payable account

    Correct Answer: A

    Solution :

    [a] is credited to partner’s capital account


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