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 - Fundamentals

  • question_answer
    If Interest on capital is more than the profit available for distribution, then in such a case interest on capital is to be shown in the debit side of Profit & Loss account.

    A) True

    B) False

    Correct Answer: B

    Solution :

    False


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