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The balance of partners’ capital account will reduce with : (a) interest on capital (b) interest on drawings

+1 vote

asked Feb 8, 2019 in Class 12 by kratos

The balance of partners’ capital account will reduce with :
(a) interest on capital
(b) interest on drawings
(c) salaries
(d) interest on partners loan

class-12
general introduction of partnership

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1 Answer

+5 votes

answered Jan 25, 2020 by kratos

Best answer

(b) interest on drawings

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