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

  • question_answer
    Match the following:
    (i) Interest on capital (a) 50
    (ii) Interest on drawings (b) Written Agreement
    (iii) Partnership deed (c) Will be charged irrespective of Profit OR loss
    (iv) Maximum number of partners (d) Will not be allowed in case of loss

    A) (i) d; (ii) c; (iii) b; (iv) a

    B) (i) d; (ii) b; (iii) c; (iv) a

    C) (i) d; (ii) a; (iii) b; (iv) c

    D) (i) d; (ii) c; (iii) a; (iv) b  

    Correct Answer: A

    Solution :

    (i) d; (ii) c; (iii) b; (iv) a


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