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Question Practice

Which of the following statements about interest on capital is incorrect?

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

Which of the following stateme...

Single Answer MCQ
Q-00053675

Which of the following statements about interest on capital is incorrect?

1

It is a form of return for the partner's investment.

2

It is always a fixed percentage.

3

It affects the net profit of the business.

4

It is treated as an expense in calculations.

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