Download App

P1 C1 INTRODUCTION OF PARTNERSHIP — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C1 INTRODUCTION OF PARTNERSHIP1 Mark
MCQ
In the fixed capital account method, to which account, interest on capital be recorded?
  • A
    Capital A/c
  • ✓
    Current No
  • C
    Drawings A/c
  • D
    Trading A/c
✓

Answer

Correct option: B.
Current No

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "MCQ" from P1 C1 INTRODUCTION OF PARTNERSHIP→P1 C1 INTRODUCTION OF PARTNERSHIP — all question types→Elements of Account STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

$Z.$ Ltd. sales is $₹ 4,80,000$ and gross profit is $₹ 1,20,000 ;$ then calculate the gross profit ratio of a company.
→
In which ratio goodwill amount brought by new partner is distributed among the old partners?
→
Debenture is $........$ for a
→
Which statement is prepared to know the financial position of a business unit at a particular time?
→
Debtors are $..........$ and bills receivable are $........... .$
→
In partnership firm every partner is $.......$ for other partner.
→
When business is not closed down due to admission of a partner, retirement of a partner, death of a partner or insolvency of a partner and remaining partners continue the business it is called
→
Which type of preference shares can be converted into equity share?
→
Generally, capital account has $.......$ balance.
→
Cash equivalent has$…...$
→