Which of the following is the personal ledger?

Partners salary is shown in the?

A. trading account B. profit and loss account C. income and expenditure D. profit and loss appropriation account E. partner’s capital account Correct Answer: Option D – profit and loss appropriation account
Which of the following is the personal ledger?

A balance sheet is prepared?

A. for the year ended………..19 x 1 B. for…………19 x 1 C. as to………….19 x 1 D. in the year…………..19 x 1 E. up to………..19 x 1 Correct Answer: Option C – as to...

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