what is profit and loss appropriation a/c
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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:
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.
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