Electricity for the year which has not been paid will be recorded as Select one: O a. Accrued revenue. b. Prepaid revenue. c. Prepaid expense. d. Accrued expense Warner and Yonge were in partnership, sharing profits equally. Their draft accounts for the year ended 30 April 2017 show a profit of RM200.000 before taking into account interest on a loan of RM40.000 from Yonge at 10%. Each partner is entitled to a salary as follows. Warner RM15,000 per annum Yonge RM10,000 per annum What is Warner's total appropriation of profit for the year ended 30 April 2017? Select one: a. RM85.500 b. RM60.500 c. RM77,500 o d. RM75,000 Which of the following does not describe a partnership? Select one: a. Easy to form. b. Has unlimited liability to raise fund. c. Has limited life. d. Not taxable