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Partner's Capital Account is credited with (A) Interest on Capital (B) Interest on Drawings (C) Drawings (D) Share in Loss

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Partner's Capital Account is credited with

(A) Interest on Capital

(B) Interest on Drawings

(C) Drawings

(D) Share in Loss

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1 Answer

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Best answer

Correct option is: (A) Interest on Capital  

Interest is payable to the partners, and hence, the partner's capital account is credited with the amount of interest. Interest on capital is added to the capital of partners.

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