Which item is recorded on the credit side of partner rsquo s current accounts ........

Which item is recorded on the credit side of partner’s current accounts :

Interest on Fanner’s Capitals

Salaries of Partners

Share of profits of Partners

All of the Above

- Interest on Partners’ Capitals:

- This refers to the interest earned by partners on their invested capitals.

- Credited to partners' accounts because it represents what the business owes them.

- Salaries of Partners:

- Salaries paid to partners for their active role in managing the business.

- Credited to their accounts since it is due to them for their work.

- Share of Profits of Partners:

- The profits distributed among partners based on an agreed ratio.

- Credited because it represents their earnings from the business.

- All of the Above:

- ?? Therefore, all are recorded on the credit side.

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