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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
    Need of profit and loss adjustment account is for:

    A) appropriation of profits

    B) charge against profits

    C) rectification of errors of omissions

    D) None of the above

    Correct Answer: C

    Solution :

    [c] rectification of errors of omissions


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