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What is profit and loss appropriatin …

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What is profit and loss appropriatin account

Posted by Shivam Sahu 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Nikita Kumari 8 years, 1 month ago

The profit and loss appropriation account is an extension of the profit and loss account...the main intention of preparing a profit and loss appropriation account is to show the distribution of profit among the partner...it is debited with interest on capital and remuneration to partner and creadited with the net profit b/d from the profit and loss account and interest on drawing the balance of the profit and loss appropriation account is transferred to the capital account of the partner....

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CBSE > Class 12 > Accountancy

0 answers

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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