Which of the following is not a charge against profit?

Interest on Partner's Capital

The correct answer is Option (4) → Interest on Partner's Capital.

Interest on Partner's Capital is an appropriation of profit. It is debited to profit and loss appropriation account and credited to partner's capital account.

OTHER OPTIONS

• Manager's Commission is a charge against profit because it is an expense incurred in the course of running the business.
• Rent to partner is also a charge against profit, as it is an expense paid to the partner for using their property for the business.
• Interest on Loan is a charge against profit as it represents an expense for borrowing funds.