Question : Which of the following is an appropriation of profit?
Option 1: Interest on Loan
Option 2: Interest on Partner's Capital
Option 3: Salary to Manager
Option 4: Rent
Answer (1)
23rd Jan, 2024
Correct Answer: Interest on Partner's Capital
Solution :
Following is the appropriation of profit:
1. Interest on partner's capital,
2. Partner's salary
3. Partner's commission, etc.
Hence, the correct option is 2.
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