Question

profit and loss appropriation account is a part of which account?​

Answer 1

Answer:

Explanation:

Profit and Loss appropriation account is prepared to appropriate or distribute profits of the year.  It is a part and extension of Profit and loss account.  After preparing the Profit and Loss account , the profit is transferred to this account and distributed profits among partner/share holders, and transferring the profits to reserves is also a part of it, Salaries to partners/commission etc & all those which are related to owners and distributable are the parts of P & L Appropriation account.