Question

distinguish between charge against profit and apropriation against profit​

Answer 1

Answer:

Charge against profit means the deduction of any amount from the firm's revenue to reach Net Profit or Loss. Appropriation of Profit is the distribution of Profit. Hence, the Profit and Loss Account is prepared.

Explanation:

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Answer 2

Answer:

charge means that the amount has to be given whether there is profit or loss eg. interest on loan and appropriation means it is not compulsory to give the amt. in case of loss eg.

Explanation:

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