The account where the profit are distributed to the partner in their profit sharing ratio in partnership
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Correct Answer: Option B
Explanation:
Appropriation account is the account into which the net profit found in the profit and loss account of the partner will be carried down to and will be shared according to their sharing ratio
Appropriation account is the account into which the net profit found in the profit and loss account of the partner will be carried down to and will be shared according to their sharing ratio