One of the following is not an Item of appropriation.
(
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Shift 01/06/2023 8:30 AM - 11:30 AM
A
Interest on capital
B
Commission to partner
C
Interest on Loan from partner
D
Salary to partner
Correct Answer
Interest on Loan from partner
Detailed Explanation
When a business borrows money from one of its partners, the interest on that loan is typically considered an expense and is charged against the profit of the business. This is a common practice in partnerships, and it is done to reflect the true cost of using the partner's funds to operate or expand the business.
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