Sequence the typical steps in preparing a Profit and Loss Appropriation Account for a partnership firm:
1. Debit partner's salaries, commissions, and interest on capital.
2. Transfer the net profit or loss from the Profit and Loss Account.
3. Credit the account with interest on drawings.
4. Distribute the remaining profit or loss among the partners.
1
1, 2, 3, 4
2
2, 3, 1, 4
3
3, 1, 2, 4
4
2, 1, 3, 4