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AP
Question Practice

What is the effect of charging interest on drawings to a partner's capital account?

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

What is the effect of charging...

Single Answer MCQ
Q-00082055

What is the effect of charging interest on drawings to a partner's capital account?

1

Increases their equity

2

Reduces their share of profit

3

Increases their final payout

4

Decreases their capital balance

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