Question : On which side Partner's drawings out of Capital will be recorded, when their capitals are fixed?

Option 1: Debit side of Capital A/c

Option 2: Credit side of Capital A/c

Option 3: Debit side of Current A/c

Option 4: Credit side of Current A/c

Question : The balance of partner's Capital Accounts, in case of fixed capital method, are:

Option 1: Always Debit

Option 2: Always Credit

Option 3: Either debit/credit

Option 4: Neither debit nor credit

Question : Which of the following is not recorded on the credit side of current accounts of partners?

Option 1: Interest on capital

Option 2: Partner's Salary

Option 3: Interest on partner's loan

Option 4: Share of profits to partner

Question : Interest on partner's drawings is credited to:

Option 1: Profit and Loss A/c

Option 2: Profit and Loss Appropriation A/c

Option 3: Partner's Capital A/c

Option 4: Partner's Current Alc

Question : Rent paid to a partner is debited to:

Option 1: Partner's Capital A/c

Option 2: Profit and Loss A/c

Option 3: Profit and Loss Appropriation A/c

Option 4: Partner's Current A/c