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Why is Profit and Loss Appropriation Account prepared by the Partnership Firm?

Anurag Pathak
April 9, 2023
[CBSE] Fundamentals of Partnership Firm, Accountancy Class 12th

926 viewsApril 9, 2023[CBSE] Fundamentals of Partnership Firm Accountancy Class 12th

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Anurag Pathak28.37K April 9, 2023 0 Comments

Why is Profit and Loss Appropriation Account prepared by the Partnership Firm?

Anurag Pathak Changed status to publish April 9, 2023

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Anurag Pathak28.37K Posted April 9, 2023 0 Comments

Answer:-

The profit and Loss Appropriation Account is prepared to show the appropriation of net profit between/among the partners.

Anurag Pathak Changed status to publish April 9, 2023

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.