The account where the profit are distributed to the partner in their profit sharing ratio in partnership
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option A
Explanation:
For a partnership, the primary purpose of the appropriation account is to show how profits are distributed among the partners.
For a partnership, the primary purpose of the appropriation account is to show how profits are distributed among the partners.