Answer:
1. Salary attributable to a Partner
2. Interest on Capital
3. Share of Residual Profit
Explanation:
The Financial Statements for all businesses are prepared much in the same way in most respects. It is only after calculation of the Profit for the Year that a change may take place.
The Partnership should show a share of profit in a special account known as the Appropriation Account. Here the heading will be Salary attributable to a Partner, Interest on Capital and Share of residual Profit
The above items are only seem in the partnership income statement and not in a corporate income statement.
