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The salary of a partner is usually debited to the?

The salary of a partner is usually debited to the?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Sundry debtors' account
  • B Appropriation account
  • C Profit and loss account
  • D Sundry current account
Correct Answer: Option B
Explanation:
A partnership appropriation account is an intermediary account between the profit and loss account of the partnership and the individual capital accounts of each partner. The adjustments include such items as partner salaries and interest on partner capital, loans and drawings accounts

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