MCQOPTIONS
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MCQOPTIONS
| 1. |
A, B, C are partners sharing profits u0026 losses equally and A paid liability of Rs.10,000 of the firm, from his private property, then the entry in the books of firm is_________ |
| A. | A’s Capital A/c Dr. 10,000 To Cash A/c 10,000 |
| B. | Liability A/c Dr. 10,000 To A’s Capital A/c 10,000 |
| C. | Liability A/c Dr. 10,000 To Cash A/c 10,000 |
| D. | A’s Capital A/c Dr. 10,000 To Liability A/c 10,000 |
| Answer» C. Liability A/c Dr. 10,000 To Cash A/c 10,000 | |