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If salary Rs 9000 and interest on capital Rs 6500 are payable to A what total credit will appear in As account?

Answer and explanation

Correct answer: Rs 15500

Salary and interest on capital are both payable to the partner. Therefore total credit in As account will be Rs 15500.

Related tags

SalaryInterest On CapitalTotal CreditAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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