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

Question

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

Team Careers360 · Accepted Answer

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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Question : The interest on Partner's Capital Accounts is to be credited toOption 1: Profit and Loss A/cOption 2: Interest A/cOption 3: Partner's Capital A/cOption 4: None of these

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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

Question :
Correct the following sentence if it is

Question :
Summarize the following