|
Debit |
Credit |
SALARY |
Appropriation Account |
Partners’ Current Account |
INTEREST ON CAPITAL |
Appropriation Account |
Partners’ Current Account |
INTEREST ON DRAWINGS |
Partners’ Current Account |
Appropriation Account |
SHARE OF PROFIT |
Appropriation Account |
Partners’ Current Account |
SHARE OF LOSS |
Partners’ Current Account |
Appropriation Account |
DRAWINGS |
Partners’ Current Account |
Drawings Account for individual partner. |