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How is the premium paid on the JLP of partners treated? It is ______ to the _______accounts:
  • a)
    Credited; Partner’s Current 
  • b)
    credited; Profit & Loss 
  • c)
    Debited; Partner’s Capital 
  • d)
    Debited; Profit & Loss 
Correct answer is option 'D'. Can you explain this answer?
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How is the premium paid on the JLP of partners treated? It is ______ to the _______accounts:a)Credited; Partner’s Currentb)credited; Profit & Lossc)Debited; Partner’s Capitald)Debited; Profit & LossCorrect answer is option 'D'. Can you explain this answer?
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How is the premium paid on the JLP of partners treated? It is ______ to the _______accounts:a)Credited; Partner’s Currentb)credited; Profit & Lossc)Debited; Partner’s Capitald)Debited; Profit & LossCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about How is the premium paid on the JLP of partners treated? It is ______ to the _______accounts:a)Credited; Partner’s Currentb)credited; Profit & Lossc)Debited; Partner’s Capitald)Debited; Profit & LossCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How is the premium paid on the JLP of partners treated? It is ______ to the _______accounts:a)Credited; Partner’s Currentb)credited; Profit & Lossc)Debited; Partner’s Capitald)Debited; Profit & LossCorrect answer is option 'D'. Can you explain this answer?.
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