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Which of the following items is recorded in a partner’s capital account?
A. Interest on the partner’s capital balance
B. Loans from the partner to the partnership
C. Surplus on revaluation of assets of the partnershipPartership accounting was removed from the syllabus for Paper F3 many years ago!!
(The answer would be C, although there are no rules as to how partners treat capital and current accounts so they are able to different, so the question in unfair anyway.)
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