All adjustments in respect of partner's salary, partner's commission, interest on capital, interest on drawings, etc. are made through:
- AProfit and Loss Account
- BProfit and Loss Appropriation Account
- CPartners' Capital Accounts
- DRevaluation Account
Solution & Step-by-step Explanation
The special extension account built past the ordinary Profit and Loss net balance statement to capture internal adjustments regarding distribution of corporate profits among partners (like salary, commissions, interest on capital/drawings) is the Profit and Loss Appropriation Account.