Question

Match List-I with List-II

List-I	List-II
(A) Salary to partner	(I) Credit side of Partners Capital Account
(B) Interest on partners loan	(II) Debit side of Partners Current Account
(C) Interest on partners drawings	(III) Debit side of Profit and Loss Account
(D) Additional capital introduced	(IV) Credit side of Partners Current Account

Choose the correct answer from the options given below:

• (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
• (A) - (I), (B) - (III), (C) - (II), (D) - (IV)
• (A) - (IV), (B) - (III), (C) - (II), (D) - (I)
• (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Answer 1

The Correct Option is A

The correct match for these items related to partner’s salary, loan, and capital is reflected as Option 1.