Salary paid to partner should be:
A) debited to his current a/c
B) credited to his current a/c
C) credited to profit & loss appropriation a/c
D) none of above
Correct Answer:
Verified
Q1: Drawings of the partners are:
A)debited to profit
Q2: A partners has to pay interest on
Q4: Interest on capital Account:
A)debited to profit &
Q5: At the time of admission of a
Q6: At the time of admission an incoming
Q7: Goodwill is valued as two years purchase
Q8: Value of goodwill agreed upon Rs. 30000
Q9: Goodwill of the firm is valued Rs.
Q10: An incoming partner pays his share of
Q11: At the time of admission of a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents