The account where the profit are distributed to the partner in their profit sharing ratio…

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Accounts - Principles of Accounts JAMB 2017

The account where the profit are distributed to the partner in their profit sharing ratio in partnership

  • trading account
  • appropriation account checkmark
  • balance sheet
  • profit and loss account

The correct answer is: 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
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