Two quizzes which are including in this file with doubted answer but now confirmed.... you can chk the reference link.. if m wrong than let me know...
jazakAllah
Here the quizzes
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QUESTION: Which of the following account will be credited for distribution of profit to partners?
Select correct option:
Profit and loss account
Profit and loss appropriation account
*Partner’s capital accounts *Cash account
QUESTION: Which of the following account will be credited for salary payable to partners against the distribution of profit?
Select correct option:
Profit and loss account
Profit and loss appropriation account
*Partner’s capital accounts *Salaries account
Reference:
http://www.futureaccountant.com/partner ... iation.php