Question:

Arrange the following steps in correct sequence.
(A) Appropriation of profit like Interest on capital 
(B) Charge against profit 
(C) Distribution of profits among the partners 
(D) Transfer to General Reserve as a part of Divisible profits 
(E) Calculation of Net profit 
Choose the correct answer from the options given below: 

Updated On: Sep 23, 2024
  • (B), (E), (A), (D), (C)
  • (B), (A), (C), (D), (E)
  • (B), (D), (E), (A), (C)
  • (B), (A), (D), (E), (C)
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The Correct Option is A

Solution and Explanation

The correct option is (A) : (B), (E), (A), (D), (C)
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