Economy, asked by nmodhi5735, 1 year ago

Explain the various heads under which profits are usually appropriated

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Answered by Anonymous
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Explanation:

Profit and loss appropriation accounts are necessary for businesses, especially partnerships, ... A profit and loss account shows how much a company has available at the end of an accounting period. ... It usually consists of a debit column and a credit column. ... He has taught various courses in these fields since 2001.

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