Question : The interest on Partner's Capital Accounts is to be credited to
Option 1: Profit and Loss A/c
Option 2: Interest A/c
Option 3: Partner's Capital A/c
Option 4: None of these
Answer (1)
19th Jan, 2024
Correct Answer: Partner's Capital A/c
Solution : Partner's Capital Accounts record the interest on the partner's capital to the credit side of it. Hence, the correct option is 3.
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