Q1976
The Partnership Deed provides for a salary of Rs. 7,000 per month to partner X. It will be
A.
Credit to Profit and Loss Account (Adjustment Account)
B.
Credited to the Current Account of Partner X
AnswerC.
Credited to Salary Payable A/c
D.
Debited to Capital A/c of X
Answer: Option B
Solution
Answer: Option B
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