Name any six items which are shown in 'profit and loss appropriation a/c'
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interest on capital
salary to partners
interest on drawings
net profit and loss
commision to partners
Reserve
salary to partners
interest on drawings
net profit and loss
commision to partners
Reserve
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0
Answer:
• Intrest on capital
• Salary
• Share of profit
• Intrest on drawings
• Net profit
• Comission
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Creation of general reserves
Commission to partners
Salaries to partners
Interest on capital