Advertisements
Advertisements
प्रश्न
State whether the following statement are True or False.
An interest on capital is an expenditure of the partnership firm.
पर्याय
True
False
MCQ
Advertisements
उत्तर
True .
Explanation: Money invested by the partners in a business is regarded as partners’ capital. Any interest paid on such capital will be an income for the partners and an expense for the firm. Hence, the above statement is true.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
