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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
Where would you show interest on drawings in fluctuating capital account?
  • A
    On credit side of capital account
  • ✓
    On debit side of capital account
  • C
    On credit side of current account
  • D
    On debit side of current account
✓

Answer

Correct option: B.
On debit side of capital account

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