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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 - Fundamentals

  • question_answer
    What Interest on capital is to be provided to X & Y, when profits shown by Profit & Loss Account Rs. 1,500 and capitals invested by X & Y are Rs.30,000 and Rs.20,000 (rate of interest is 10% p.a.).

    A) 600 and 900

    B) 900 and 600

    C) 300 and 200

    D) 3000 and 2000

    Correct Answer: B

    Solution :

    900 and 600


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