Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 18 - No. 48)
Which items are included in a partnership's appropriation account?
Partner salaries.
Interest on drawings.
Interest on capital.
Depreciation.
Explanation
Appropriation account deals with allocation of profit, so partner's salaries, interest on drawings, interest on capital are items that appear in the appropriation account.
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