alleryRent paid to a partner for using their premises is
Aa charge against profit (debited to P&L A/c)
Ban appropriation of profit
Cadded to capital
Dignored
Answer & Solution
Correct answer: A. a charge against profit (debited to P&L A/c)
Rent to a partner is a business expense (charge against profit), debited to the P&L Account, not an appropriation.
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