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Question
The commission due to a partner is closed by:
Options
Debiting it to Partner’s Capital A/c
Crediting it to Partner’s Capital A/c
Debiting it to P/L Appropriation A/c
Crediting it to P/L Appropriation A/c
MCQ
Solution
Debiting it to P/L Appropriation A/c
shaalaa.com
Commission to Partners and Managers
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