what is profit & loss Appropriation
Answers
Answered by
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
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.
I hope it help you☺☺
Similar questions