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Interest on drawings due from decreased partner till the date of his death is ______ to his capital account.

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Question

Interest on drawings due from decreased partner till the date of his death is ______ to his capital account.

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Solution

Interest on drawings due from decreased partner till the date of his death is debited to his capital account.

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Chapter 4: Retirement or Death of a Partner - OBJECTIVE TYPE QUESTIONS [Page 4.158]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 4 Retirement or Death of a Partner
OBJECTIVE TYPE QUESTIONS | Q (C) 10. | Page 4.158
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