MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
| 1. |
Insurance premium paid by a firm on the lifeinsurance policy of the partners will be ______? |
| A. | Debited to Profit and Loss A/c |
| B. | Credited to Profit and Loss A/c |
| C. | Credited to Partners Capital A/c’s |
| D. | Debited to Capital A/c’s of partners |
| Answer» B. Credited to Profit and Loss A/c | |