Accountancy, asked by amangupta76935, 10 months ago

what is profit & loss Appropriation ​

Answers

Answered by chaitalideyburman
3

Answer:

Meaning of Profit and Loss Appropriation Account. It is a special account that a firm prepares to show the distribution of profits/losses among the partners or partner's capital

Answered by radhika6866
1

Answer:

profit means when the selling price is greater than its real price(Cost price) and loss means when cost price is greater than selling price.

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