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AP
Question Practice

If a partner receives a salary, how is it treated in the fluctuating capital method?

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

If a partner receives a salary...

Single Answer MCQ
Q-00082025

If a partner receives a salary, how is it treated in the fluctuating capital method?

1

It is added to the capital account

2

It is deducted from the current account

3

It is ignored in accountings

4

It is recorded as a liability

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