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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

When fixed capital method is adopted by a partnership firm, which of the following items will appear in the capital account? - Accountancy

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Question

When fixed capital method is adopted by a partnership firm, which of the following items will appear in the capital account?

Options

  • Additional capital introduced

  • Interest on capital

  • Interest on drawings

  • Share of profit

MCQ
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Solution

Additional capital introduced

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Chapter 3: Accounts of partnership firms–fundamentals - Multiple choice questions [Page 110]

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Samacheer Kalvi Accountancy [English] Class 12 TN Board
Chapter 3 Accounts of partnership firms–fundamentals
Multiple choice questions | Q I 5. | Page 110
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