In a partnership firm, interest on a partner’s loan is treated as:

Interest on capital is considered as:

Profit and Loss Appropriation Account is a part of:

When interest on partners’ loan is due but not paid, it is shown in the Balance Sheet as:

Appropriation of profit is made:

If a firm incurs a loss, then partners are still entitled to receive:

Profit and Loss Appropriation Account is prepared to show:

Which of the following is deducted before arriving at net profit?

In the absence of an agreement, the rate of interest on a partner’s loan is:

Which of the following is not an appropriation of profit?