Question on: SS2 Accounting - The Profit And Loss Account of Partnership
What is the profit and loss account of a partnership?
View related lesson
A
A financial statement that shows the financial performance of a partnership over a particular period.
B
A statement of the assets and liabilities of a partnership.
C
A statement that shows the distribution of profits among partners.
D
A statement that shows the amount of tax payable by a partnership.
Ask EduPadi AI for a detailed answer
Correct Option: A
Add your answer
Please share this, thanks!
No responses