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Pick the odd one out: Rent to Partner, Manager’s Commission, Interest on Partner’s Loan, Interest on Partner’s Capital - Accounts

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प्रश्न

Pick the odd one out:

पर्याय

  • Rent to Partner

  • Manager’s Commission

  • Interest on Partner’s Loan 

  • Interest on Partner’s Capital

MCQ
गटात न बसणारा शब्द ओळखा
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उत्तर

Interest on Partner’s Capital

Explanation:

Interest on Partner’s Capital is not a charge against profits. It is distributed only when profits exist, and it is recorded in the Profit and Loss Appropriation Account, not in the Profit and Loss Account like the others.

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Distribution of Profit Among Partners
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 1: Accounting for Partnership Firms - Fundamentals - OBJECTIVE TYPE QUESTIONS [पृष्ठ १.१८६]

APPEARS IN

डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
पाठ 1 Accounting for Partnership Firms - Fundamentals
OBJECTIVE TYPE QUESTIONS | Q 82. | पृष्ठ १.१८६
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