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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
    Under what circumstances interest on loan will be debited to profit and loss account?

    A) When there is profit        

    B) When there is loss

    C) When there is no partnership deed

    D) All of above

    Correct Answer: D

    Solution :

    All of above


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