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AP
Question Practice

If a partner is entitled to a salary, which account should it be recorded under the fixed capital method?

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MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Accounting for Partnership: Ba...
Question Bank

If a partner is entitled to a ...

Single Answer MCQ
Q-00081992

If a partner is entitled to a salary, which account should it be recorded under the fixed capital method?

1

Partner’s Current Account

2

Partner’s Capital Account

3

Drawings Account

4

Profit and Loss Account

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