Question

what is profit &loss appropriate account

Answer 1

Profit means amount of earnings
Loss appropriate account
they help account for the expenditures and income that are included in profit and loss while business or paternership

Answer 2

Profit and loss appropriation accout shows the distribution of profits among the partners. It is debited with interest on capital and remuneration to partners and credited with the net profits b/d from the profit and loss account and interest on drawings.