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Assertion-Reason Based Questions:Fundamentals of Partnership Class 12th Accountancy
Assertion-Reason Based Questions:Fundamentals of Partnership Class 12th Accountancy
class 12th
Accountancy
Q2. Assertion: Interest on partners’ capital may be shown in profit and loss
account
Reason: partners may treat interest on capital as a charge
Q4. Assertion: The partners distribute profits in the ratio of interest on capital
Reason: The amount of interest on capital , payable to partners As per
partnership deed is more than the amount of profit available for distribution
Prepared by
Sujata Vohra
DSMS