The interest on capital accounts of partners under fixed capital method is to be credited to:
A. Partner’s Capital A/c
B. Profit & Loss A/c
C. Interest A/c
D. Partner’s Current A/c
Answer:D
The interest on capital accounts of partners under fixed capital method is to be credited to:
A. Partner’s Capital A/c B. Profit & Loss A/c C. Interest A/c D. Partner’s Current A/c