The profit & Loss Appropriation Account is prepared to
The profit & Loss Appropriation Account is prepared to
a) Distribute profit and loss for the year among the partners
b) Settle the dispute among the partners
c) Determine the profit remaining for the year after appropriation
d) Distribute the profit for the year among the partners
Anurag Pathak Changed status to publish April 9, 2023
Ans – a)
Explanation:-
The Profit and Loss Appropriation Account is prepared to distribute Profit and loss for the year among the partners.
Anurag Pathak Changed status to publish April 4, 2023
