Vidyalelo
Commerce · Q1990

Accounting

Graduate and Post Graduate · Commerce · question 1990

Q1990

Which of the following items will be written on credit side of the partner's capital accounts when the accounts are floating?

A.
Interest on drawings
B.
Loan advanced by a partner to the firm
C.
Partner's share in the firm's loss
D.
Salary to the active partners
Answer

Answer: Option D

Solution

Answer: Option D
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