CBSE BOARD XII, asked by vikashpal8908, 9 months ago

Why is Profit and Loss Appropriation
Account prepared ? 2mrk ans plz..

Answers

Answered by shivaninikhila1

Explanation:

to show the distribution of profits among partners.it is debited with interest on capital and credited with the net profits b/d from the profit and lost accounts and interests on joining

Remainder was brainlist

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Why is Profit and Loss AppropriationAccount prepared ? 2mrk ans plz..​

Answers

Why is Profit and Loss Appropriation
Account prepared ? 2mrk ans plz..