Which of the following are shown is profit and loss appropriation account?
1. Salary to staff
2. Salary to partners
3. Interest on capital
4. Fresh capital introduced
5. Share of profit
6. Amount of drawings
7. Interest on drawings
Select the correct answer:
A. 1, 4, 5, 6
B. 2, 3, 5, 7
C. 1, 2, 6, 7
D. 2, 3, 6, 7
Answer: Option B
This Question Belongs to Commerce >> Accounting
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