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AP
Question Practice

What is the effect of not accounting for interest on capital?

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 not acco...

Single Answer MCQ
Q-00082083

What is the effect of not accounting for interest on capital?

1

The partner's account will be debited

2

Total profits will be overstated

3

The balance sheet will reflect higher liabilities

4

Only the capital account of the partner will be affected

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