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When commission is allowed to any partner, it is________ of the business. - Book Keeping and Accountancy

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Question

When commission is allowed to any partner, it is________ of the business.

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Solution

When commission is allowed to any partner, it is expenditure of the business.

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Chapter 1: Introduction to Partnership and Partnership Final Accounts - Exercise 1.1 (Objective Questions) [Page 52]

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Balbharati Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
Chapter 1 Introduction to Partnership and Partnership Final Accounts
Exercise 1.1 (Objective Questions) | Q I. E. 19) | Page 52
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