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प्रश्न
Pick the odd one out from the following:
- Interest is allowed on a loan taken by the firm from a partner.
- Rent is due to a partner of the firm for using his premises for business purposes.
- Salary due to the manager of the firm.
- Salary due to a partner of the firm.
असंगत शब्द पहचानिए
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उत्तर
Salary due to a partner of the firm.
Explanation:
A salary to a partner is an appropriation of profit, not a business expense. It is allowed only when there is profit and is recorded in the Profit and Loss Appropriation Account.
In contrast, all others are charges against profit, i.e., treated as business expenses whether or not profit is earned.
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