| (i) | Commission to a Partner on Net Profit | (a) | Charge against profit |
| (ii) | Interest on Drawings when capitals are fixed | (b) | Debit side of Partners Capital Account |
| (iii) | Rent paid to partner | (c) | Debit side of Partners Current Account |
| (iv) | Asset taken over by partner | (d) | Appropriation of Profit |
A) (i) d ; (ii) c ; (iii) b ; (iv) d
B) (i) d ; (ii) c ; (iii) a ; (iv) b
C) (i) d ; (ii) a ; (iii) c ; (iv) b
D) (i) d; (ii) a ; (iii) b ; (iv) c
Correct Answer: B
Solution :
(i) d ; (ii) c ; (iii) a ; (iv) b
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