Question

Can we write loss on the debit side of profit and loss appropriation account.

Answer 1

Answer:

yes we can write...............

Answer 2

Answer:

All the appropriations i.e. the distributions payable to the partners as per partnership deed are recorded in this account. This account is credited with the amount of net profit and debited with the amount of net loss. The debit side of this account records: ... Distribution of profit among partners.