the following is an appropriation of profit is:
Option b- interest on partner's capital
In a firm, capital is the total amount of financial resources needed to produce goods or services. These resources can be applied to start-up costs, cover ongoing expenses, or develop and grow the company. This initial investment is needed to launch a business and is sometimes referred to as seed money. Businesses of all sizes often concentrate on working capital, equity capital, and debt capital when creating budgets. Trading capital is listed as the fourth element by a company in the financial sector.
The money a company has on hand to cover both its ongoing expenses and potential future expansion is known as capital. Working capital, debt, equity, and trade capital are the four main types of financial resources. investing money.
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