Specimen of profit and loss appropriation account ?
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Specimen of profit and loss appropriation account ?
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The following is the format of profit and loss appropriation account: *Amount of profit transferred from profit and loss account. Arulappan and Nallasamy are partners in a firm sharing profits and losses in the ratio of 4:1. On 1st January 2018, their capitals were ₹ 20,000 and ₹ 10,000 respectively.
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