Which of the following account will be debited for distribution-10823
Which of the following account will be debited for distribution of profit to partners?
This multiple choice question (MCQ) is related to the book/course vu fin611 Advanced Financial Accounting. It can also be found in vu fin611 Final Term - Quiz No.2.
Which of the following account will be debited for distribution of profit to partners?
Profit and loss account
Profit and loss appropriation account
Partner’s capital accounts
Cash account