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Interest on Advance given to the Firm by Partners is :

+1 vote

asked Oct 1, 2018 in Class 12 by kratos

Interest on Advance given to the Firm by Partners is :

(A) An Appropriation

(B) A Gain

(C) A Charge

(D) of these

class-12
company accounts
accounting for share capital and debenture
cbse

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1 Answer

+5 votes

answered May 26, 2020 by kratos

Best answer

Interest on Advance given to the Firm by Partners is a Charge.

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