passwella.
Menu

WAEC Financial Accounting 1994 Question 25

Question 25

Partnership Accounts

Which of the following is treated under Partnership Appropriation Account?

  1. A.Interest on Loan
  2. B.Salary of workers
  3. C.Electricity
  4. D.Salary of Partner
  5. E.Travelling expenses of a Partner
Show the answer and explanation

Answer: D (Salary of Partner)

Explanation

A partner's salary is a share of profit, so it goes in the appropriation account.