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Why rent given by partners enter …

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Why rent given by partners enter in Dr side

    • Posted by Ankit Paswann 5 years, 7 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Indrajeet Singh Arora 5 years, 7 months ago

    Rent is an charge against profit in case of partnership and hence it is to be debited in Profit and loss A/c instead of Profit and loss appropriation A/c .

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