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Match the following items: (i) Permanent Drawings (ii) Partner's Salary (iii) Fresh Capital Introduced (iv) Interest on Drawings (a) Credit side of Partner's Current A/c

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Question

Match the following items:

(i) Permanent Drawings (a) Credit side of Partner's Current A/c
(ii) Partner's Salary (b) Debit side of Partner's Capital A/c
(iii) Fresh Capital Introduced (c) Debit side of Partner's Current A/c
(iv) Interest on Drawings (d) Credit side of Partner's Capital A/c
Match the Columns
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Solution

(i) Permanent Drawings (b) Debit side of Partner's Capital A/c
(ii) Partner's Salary (a) Credit side of Partner's Current A/c
(iii) Fresh Capital Introduced (d) Credit side of Partner's Capital A/c
(iv) Interest on Drawings (c) Debit side of Partner's Current A/c
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Chapter 1: Accounting for Partnership Firms - Fundamentals - OBJECTIVE TYPE QUESTIONS [Page 1.146]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 1 Accounting for Partnership Firms - Fundamentals
OBJECTIVE TYPE QUESTIONS | Q (D) 13. | Page 1.146
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