Question

Which of the following is shown in Profit &
Loss Appropriation Account?
(A) Managerial Remuneration
-(B) Contribution to General Reserve
(C) Provision for Taxation
D Rent of the Building​

Answer 1

Answer:

• c provision for taxation

Explanation:

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Answer 2

Explanation:

Declaration of dividend is an appropriation of profit and hence to be shown in profit & loss appropriation account. Dividend appears in the profit and loss appropriation account. The main intention of preparing a profit and loss appropriation account is to show the distribution of profits among the partners