Remuneration to partner is an appropriation of profit and therefore it is debited to.......... account.
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0
Answer:
credit is the correct answer
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1
Answer:
Partner
Explanation:
Remuneration to partner is an appropriation of profit and therefore it is debited to partner account.
In accounting, the term debit means to add money to an account and credit means to deduct money from the account.
Now in the given case, in order to give profit share to the partner, the appropriate share of profit shall be added or debited to partner account
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