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
Under which method, the interest on capital keeps on changing during the year due to the changes in the capital?
  • ✓
    Fluctuating capital accounts method
  • B
    Fixed capital accounts method
  • C
    Current accounts method
  • D
    None of above
✓

Answer

Correct option: A.
Fluctuating capital accounts method

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

To which account debenture discount is to be transferred and debited?
→
In the fixed capital account method, to which account, balance of drawing account is transferred at the end of the year?
→
$.........$ is not a case of retirement as per Indian Partnership Act $1932 .$
→
In a company, amount of sales revenue of previous year is $Rs. 8,00,000;$ in which current year’s increase / decrease rate is $12.5 \%,$ then how much is the amount of sales revenue of current year?
→
Profit-loss sharing ratio between continuing partners is
→
At the time of dissolution, the Goodwill is $Rs. 50,000$ in Balance Sheet. No specification has been given regarding it. What will be the effect?
→
Goodwill depends on which aspects ?
→
Which of the following is include in the current ratio? 
→
Financial accounts are known as $..........$ accounts.
→
With what rate of discount, can a company issue its own share to the public as per the provision of companies Act ?
→