Multiple Choice Questions on Where will you record commission paid to a partner when partners are having fixed capital accou........... for Commerce 12th Preparation

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Multiple Choice Questions

Where will you record commission paid to a partner when partners are having fixed capital accou...........

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    Where will you record commission paid to a partner, when partners are having fixed capital accounts?

    On the debit side of Partner's Capital Account

    Incorrect Answer

    On the credit side of Partner's Capital Account

    Incorrect Answer

    On the debit side of Partner's Current Account

    Incorrect Answer

    On the credit side of Partner's Current Account

    Correct Answer
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    Explanation:

    On the credit side of Partner's Current Account

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