Q2.
State the right order of deductions for presenting correct view of the profit and loss
appropriation account.
(i) Interest on partner's loan.
(ii) Manager's commission on net profit.
(iii) Interest on partner's capital
(a)
(c)
(i)-(ii)-(iii)
(iii)-(ii)-(i)
(b) (ii)-(iii)-(i)
(d) (i)-(iii)-(ii)