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Difference between Profit & Loss Appropriation …

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Difference between Profit & Loss Appropriation Account And profir & Loss Suspense Account ?

    • Posted by Lakshay Arora 4 years, 6 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Sia ? 4 years, 6 months ago

    Profit and loss appropriation accout is prepared to distribute profit among partners.

    Profit and loss suspense accout is prepared to record profit for a particular period given to a retiring or deceased partner before the end of the accounting period.

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