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Home Questions GAYWKZTVRU
Target Exam

CUET

Subject

Accountancy

Chapter

Accounting for Partnership

Question:
Pick the odd one out of the following:
Options:
Interest on partner’s Capital
Manager’s Commission
Rent to Partner
Interest on Partner’s Loan
Correct Answer:
Interest on partner’s Capital
Explanation:
Besides of interest on partners' capital, all other are charge against profit and debited to profit and loss account. Interest on partners' capital is appropriation of profit.

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