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Question Practice

What happens to the interest on capital if a partner withdraws their entire invested amount?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - II
Question Bank

What happens to the interest o...

Single Answer MCQ
Q-00053671

What happens to the interest on capital if a partner withdraws their entire invested amount?

1

Interest continues to accrue

2

Interest will be charged on remaining capital

3

No interest will be available

4

Interest is treated as an expense

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