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

Accounts - Principles of Accounts JAMB 2023

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

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

The correct answer is: A

Explanation

For a partnership, the primary purpose of the appropriation account is to show how profits are distributed among the partners.

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