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Byju's Answer
Standard XII
Accountancy
Interest on Capital and Drawings at the Time of Death
account will ...
Question

account will be debited when interest on capital is paid on capital of deceased partner.

A
Bank
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B
Partner's capital
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C
Interest on Capital
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D
Realisation
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Solution

The correct option is C Interest on Capital
Interest on capital account will be debited and partner's capital account will be credited when interest on capital is paid on capital of deceased partner.

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Standard XII Accountancy
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