Payment of salaries to partners is
...Payment of salaries to partners is
A charge to profit and loss account
A charge to trading account
An appropriation of divisible profit
An appropriation of interest on capital
An appropriation of interest on current account
Correct answer is C
No explanation has been provided for this answer.
The concept which seeks to prevent profits from being overstated is ...
The following appears in trading account except ...
The Chief accounting officer of the Federation Republic of Nigeria is the ...
The concept which underlines double entry bookkeeping is ...
\(\begin{array}{c|c} & Halima & Ibinabo \\ & N & N \\ \hline \text{Capital accounts ...
Balance as par overdraft of the cashbook is ₦4000 ,uncredited cheque is ₦2300, bank charges ₦3...