Profit or loss in a partnership is usually arrived at aft...
Profit or loss in a partnership is usually arrived at after deducting from gross profit all expenses including____________
Partners salaries
Interest on capital
Interest on loans
Partners drawings
Correct answer is C
Is charged in the profit and loss account as finance expenses
Which of the following concepts recognizes the principle of double entry? ...
Trading Account (Extract) .................N.............................N...... Opening stock.....
An amount set aside to meet expenses whose value is not certain is a ...
An effect of increase in the provision for depreciation is ...
The total share capital which a company would be allowed to issue is known as ...
The effect of overstating revenue expenditure in the profit and loss account is that the ...
A credit note from a supplier for damaged goods would first be entered in the ...
The accounting concept that supports the application of double entry book-keeping is the ...
Which of the following has a debit balance at the end of the year? ...