Multiple Choice Questions on If it is required to maintain fixed capitals then the partners rsquo shares of profits must be ........ for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

If it is required to maintain fixed capitals then the partners rsquo shares of profits must be ........

Accountancy (11th) Chapter-7 Depreciation, Provisions and reserves
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    If it is required to maintain fixed capitals then the partners’ shares of profits must be:

    Credited to capital accounts

    Incorrect Answer

    Debited to capital accounts

    Incorrect Answer

    Debited to partners’ current accounts

    Incorrect Answer

    Credited to partners’ current accounts

    Correct Answer
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    Explanation:

    Credited to partners’ current accounts

    By: santosh
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