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प्रश्न
Interest on partner’s loan is credited to ______.
विकल्प
Partner’s Fixed capital account
Partner’s Current Account
Partner’s Loan Account
Partner’s Drawings Account
MCQ
रिक्त स्थान भरें
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उत्तर
Interest on partner’s loan is credited to Partner’s Loan Account.
Explanation:
Interest on a partner’s loan is a charge against profit and must be paid even if the firm makes a loss. The interest amount is credited directly to the partner’s loan account, not to capital, current, or drawings accounts, since it relates to the loan given by the partner, not his ownership contribution.
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