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Advance payments are recognized as A receivable B payable C bad debt D none of these. Answers to the following featured accounting questions are given after the third accounting MCQ. A International Financial Reporting Standards 3. Salaries paid to partners is an: A Appropriation of profit among partners B Income of the partnership firm C Expense to partnership firm D None of the above 3.
Next: Accounting MCQs 6- Accounting MCQs 1. A receivable. Salaries read more to partners is an: A Appropriation of profit among partners B Income of the partnership firm C Expense to partnership firm D None of the above. B Drawings 2! These are the most important and the most repeated accounting questions with answers for test preparation.
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