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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
What is the interest on partners' capital for a partner?
  • A
    An expense
  • B
    Liability
  • ✓
    Income
  • D
    Loss
✓

Answer

Correct option: C.
Income

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