JAMB Accounts Principles of Accounts 2017 Paper

Concept:A partnership appropriation account is used to show how the net profit is shared among partners.Explanation:Net profit from the profit and loss account is transferred to the appropriation account.This account then distributes the profit according to the agreed profit sharing ratio.Items like interest on capital, salaries, and bonuses are also recorded here before sharing the remaining profit.Therefore, the account that distributes profits to partners in their profit sharing ratio is the appropriation account.Answer:Option B: appropriation account.