
Profit and Loss Appropriation A/C |Class 12 Accountancy| Fundamentals of Partnership with Numericals
Welcome to your ultimate guide to Class 12 Accountancy! In this video, we continue Chapter 1 - Fundamentals of Partnership and take a deep dive into Profit and Loss Appropriation Account with full numerical practice and solutions. We’ll learn the purpose, format, and complete treatment of items like interest on capital, interest on drawings, salary to partners, and profit sharing ratio in the appropriation account. This session is a must-watch for CBSE students and anyone looking to master accountancy concepts for exams! Topics Covered: What is Profit & Loss Appropriation Account Format and Purpose Treatment of Interest on Capital & Drawings Salary and Commission to Partners Step-by-step Numerical Examples Journal Entries and Ledger Posting (if applicable) Keywords: profit and loss appropriation account class 12, fundamentals of partnership class 12, class 12 accountancy chapter 1, cbse class 12 accounts, interest on capital, interest on drawings, partners salary, partnership accounting, numerical questions, board exam preparation, class 12 accounts with numericals Don’t forget to: LIKE the video SUBSCRIBE to the channel SHARE with your friends Drop your doubts in the comment section — I reply to every question! #Class12Accountancy #PartnershipAccounts #ProfitAndLossAppropriation #CBSEAccounts #NumericalPractice #AccountsWithExamples #2024 #accountancy #accountancymcqs #accounting #accountingforbeginners #accountingpractice #accountingstudents #mcqquestionandanswers #accountancyquiz