Accountancy, asked by devanandakannoth, 2 months ago

where does commission record in partners capital​

Answers

Answered by aymanzaki1127
11

Answer:

here you go -

Explanation:

The salaries or commission to partners is a appropriation of profit rather than charge so it is debited to profit and loss appropriation account and shall be credited to respective partners' capital accounts if capitals are fluctuating and to be credited to partners current account if capitals are fixed in nature.

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