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mediumMCQCUET Accountancy 2022 20 Aug Shift 22026Accountancy
1 mark

Match List I with List II
image
Choose the correct answer from the options given below:

  1. A
    A - I, B - II, C - III, D - IV
  2. B
    A - II, B - I, C - IV, D - III
  3. C
    A - III, B - II, C - IV, D - I
  4. D
    A - IV, B - III, C - II, D - I

Solution & Step-by-step Explanation

A. Partner's Salary is an appropriation of profit P&L Appropriation A/c Dr. (II).B. Manager's Salary is a charge against profit P&L A/c Dr. (I).C. Distribution of Loss is transferred to partners P&L Appropriation A/c Cr. (IV).D. Commission Received is an indirect income P&L A/c Cr. (III).

Practice this question

Try it yourself before checking the explanation above.

Match List I with List II
image
Choose the correct answer from the options given below:
A
A - I, B - II, C - III, D - IV
B
A - II, B - I, C - IV, D - III
C
A - III, B - II, C - IV, D - I
D
A - IV, B - III, C - II, D - I

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