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  9. Q27
Question 27

Payment of salaries to partners is

  • A.a charge to profit and loss account
  • B.a charge to trading account
  • C.an appropriation of divisible profit
  • D.an appropriation of interest on capital
  • E.an appropriation of interest on current account
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1991
Question no.
#27
Type
Objective
Previous · Q26A business which converts raw materials to finished goods prepares Next · Q28 Accounting term used to describe the excess of current assets over current…

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