Which of the following are debited to profit or loss approproiation account?

Credited

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Debited

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not entered

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None of the above

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Solution

The correct option is B
Debited

Interest on capital, salaries to partners, commission to partners, profit share, etc. are debited to profit or loss approproiation account.

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Similar questions

Which of the following are shown on the debit side of profit or loss account?

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