Question : Which of the following items is not recorded in Profit and Loss Appropriation A/c?
Option 1: Interest on Partner's Capital
Option 2: Amount of Partner's drawings
Option 3: Profit as per Profit and Loss
Option 4: Commission to a partner
Answer (1)
20th Jan, 2024
Correct Answer: Amount of Partner's drawings
Solution : Amount of partner's drawings will be recorded in the partner's capital account. Hence, the correct option is 2.
Comments (0)
Related Questions
Trending Articles/News
