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

  • question_answer
    A, B and C are partners sharing profits in the ratio of 2 : 3 :1. A's share of profit is Rs.9,000. Capital account is to be prepared on fixed method. B's share of profit Rs. -____ is to be shown in the _______account

    A) 13,500 / Credit side of Partners current account

    B) 13,500 / Debit side of Partners current account

    C) 9,000 / Credit side of Partners current account 

    D) 9,000 / Debit side of Partners current account

    Correct Answer: A

    Solution :

    13,500 / Credit side of Partners current account


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