Get Started
Start Free Mocks
CUETMOCK

Ace Your

CUET Preparation Today

Start Free Mocks
Home Questions 9XSM7JM34R
Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Partnership

Question:

The Profit and Loss Appropriation Account is merely an extension of the Profit and Loss Account of the firm, which, among the following, is not shown in the Profit and Loss Appropriation Account?

Options:

All adjustments in respect of partner's salary.

All adjustments in respect of payment to Vendor.

All adjustments in respect of interest on capital

All adjustments in respect of interest on drawings

Correct Answer:

All adjustments in respect of payment to Vendor.

Explanation:

The correct answer is Option (2) → All adjustments in respect of payment to Vendor.

CUET Questions