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This question belongs to Commerce Accounting
Accounting
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Match List-I with List-II and choose correct answer:
List-I List-II
P. Partner's loan 1. Debit balance of profit and loss
Q. Death of a partner 2. 6% interest
R. Loss in business 3. Joint life insurance policy
S. Revolution account 4. Profit and loss adjustment account

Answer & Solution
Correct Answer: Option A
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