Arrange the following steps in correct order with regard to determination of divisible profits of partners.
(A) Calculation of Net profit
(B) Calculation of charge against profit like rent to partner
(C) Transfer to General Reserve as a percentage of divisible profit
(D) Calculation of appropriation of profits like partner’s salary
(E) Calculation of each partner’s share of divisible profits
Choose the correct answer from the options given below:

Correct option is A

The correct order for determining divisible profits of partners is:
(B) Calculation of charge against profit like rent to partner,
(A) Calculation of Net profit,
(D) Calculation of appropriation of profits like partners' salary,
(C) Transfer to General Reserve,
(E) Calculation of each partner’s share of divisible profits.