The salary of a partner is usually debited to the?

A. sundry debtors’ account
B. appropriation account
C. profit and loss account
D. sundry current account

Correct Answer:

Option B – appropriation account

Explanation

A partnership appropriation account is an intermediary account between the profit and loss account of the partnership and the individual capital accounts of each partner. The adjustments include such items as partner salaries and interest on partner capital, loans and drawings accounts