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Commerce · Q838

Accounting

Graduate and Post Graduate · Commerce · question 838

Q838

It the partner's capital accounts are fixed, interest on capital willbe recorded on

A.
Credit side of the current account
Answer
B.
Credit side of the capital account
C.
Debit side of the current account
D.
Debit side of the capital account

Answer: Option A

Solution

Answer: Option A
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