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If a firm prefers to show Partners Capital Accounts at the amount introduced by the partners as capital, where are the entries for salary, drawings, interest on capital or drawings, and profits made?a)Trading Accountb)Partners’ Current Accountc)Balance Sheetd)Profit and Loss AccountCorrect answer is option 'B'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared
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If a firm prefers to show Partners Capital Accounts at the amount introduced by the partners as capital, where are the entries for salary, drawings, interest on capital or drawings, and profits made?a)Trading Accountb)Partners’ Current Accountc)Balance Sheetd)Profit and Loss AccountCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for If a firm prefers to show Partners Capital Accounts at the amount introduced by the partners as capital, where are the entries for salary, drawings, interest on capital or drawings, and profits made?a)Trading Accountb)Partners’ Current Accountc)Balance Sheetd)Profit and Loss AccountCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of If a firm prefers to show Partners Capital Accounts at the amount introduced by the partners as capital, where are the entries for salary, drawings, interest on capital or drawings, and profits made?a)Trading Accountb)Partners’ Current Accountc)Balance Sheetd)Profit and Loss AccountCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice If a firm prefers to show Partners Capital Accounts at the amount introduced by the partners as capital, where are the entries for salary, drawings, interest on capital or drawings, and profits made?a)Trading Accountb)Partners’ Current Accountc)Balance Sheetd)Profit and Loss AccountCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.