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AP
Question Practice

If a partner's interest on capital was omitted, how should it be adjusted?

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

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

If a partner's interest on cap...

Single Answer MCQ
Q-00082080

If a partner's interest on capital was omitted, how should it be adjusted?

1

By reducing the partner's salary

2

By adjusting through the Profit and Loss Adjustment Account

3

By altering the partnership deed

4

By increasing the total profit reported

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Q4.

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