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12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm : Fundamental

  • question_answer
         A and B are partners in a firm. They are entitled to interest on their capitals but the net profit was not sufficient for this interest, then the net profit will be distributed among partners in:

    A) agreed ratio

    B) profit sharing ratio

    C) capital ratio 

    D) equally

    Correct Answer: C

    Solution :

    [c] capital ratio


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