Which of the following is true regarding Salary to a partner when the firm maintains fluctuating capital accounts?
(A) Debit Partner’s Loan A/c and Credit P & L Appropriation A/c. (B) Debit P & L A/c and Credit Partner’s Capital A/c.
(C) Debit P & L Appropriation A/c and Credit Partner’s Current A/c. (D) Debit P & L Appropriation A/c and Credit Partner’s Capital A/c.
(D) Debit P & L Appropriation A/c and Credit Partner’s Capital A/c.