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  • Basics of Partnerships Test - 1
  • Rent paid to a partner will be charged against which of t...
Multiple choice

Rent paid to a partner will be charged against which of the following?

  1. Profit and loss account

  2. Profit and loss appropriation account

  3. Profit and loss adjustment account

  4. Realisation account

  5. The balance sheet

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Rent is a change against profit.

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