TRUE OR FALSE (BRAINLIEST KO PAG MATINONG SAGOT!)
1. One aspect that partnership differs from the sole proprietorship is the plurality of capital and drawing accounts.
2. The net income in a partnership business is closed to partner’s drawing account and not to capital accounts.
3. A partner’s share in Net Income is credited to Partner’s Drawing account.
4. A partner who contributes labor and skills to the partnership is said to be an industrial partner.
5. Salary to partner is regarded as part of profit distribution and not a business expense.
1. One aspect that partnership differs from the sole proprietorship is the plurality of capital and drawing accounts.
2. The net income in a partnership business is closed to partner’s drawing account and not to capital accounts.
3. A partner’s share in Net Income is credited to Partner’s Drawing account.
4. A partner who contributes labor and skills to the partnership is said to be an industrial partner.
5. Salary to partner is regarded as part of profit distribution and not a business expense.
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Answer:
1:true 2:false 3:true 4:true 5:true pa brainlest po
Answer:
1.) TRUE
2.) FALSE
3.) TRUE
4.) TRUE
5.) TRUE
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