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  • Basics of Partnerships Test - 1
  • Which of the following is not shown in Profit and Loss Ap...
Multiple choice

Which of the following is not shown in Profit and Loss Appropriation Account?

  1. Transfer to Reserve

  2. Commission to Partner

  3. Interest on Partner's Loan

  4. Salary to Partner

  5. Interest on capital

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

It is a charge against the profit. It will take place in Profit and Loss Account.

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