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Commerce · Q1487

Accounting

Graduate and Post Graduate · Commerce · question 1487

Q1487

Which of the following are shown is profit and loss appropriation account? 1. Salary to staff 2. Salary to partners 3. Interest on capital 4. Fresh capital introduced 5. Share of profit 6. Amount of drawings 7. Interest on drawings Select the correct answer:

A.
1, 4, 5, 6
B.
2, 3, 5, 7
Answer
C.
1, 2, 6, 7
D.
2, 3, 6, 7

Answer: Option B

Solution

Answer: Option B
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