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Match the following items: (i) Rent paid to a partner (ii) Salary paid to partner (a) Charge against profit (b) Appropriation of profit (c) Both

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Question

Match the following items:

(i) Rent paid to a partner (a) Charge against profit
(ii) Salary paid to partner (b) Appropriation of profit
    (c) Both
Match the Columns
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Solution

(i) Rent paid to a partner (a) Charge against profit
(ii) Salary paid to partner (b) Appropriation of profit
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Chapter 1: Accounting for Partnership Firms - Fundamentals - OBJECTIVE TYPE QUESTIONS [Page 1.444]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 1 Accounting for Partnership Firms - Fundamentals
OBJECTIVE TYPE QUESTIONS | Q (D) 2. | Page 1.444
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