Profit and Loss Appropriation Account Accountancy Class 12

Profit and Loss Appropriation Account Accountancy Class 12

For Transfer of Net profit: The net profit from Profit and Loss A/c is … For Interest on Drawings: Amount withdrawn for personal use by partners … For Interest on Capitals: Interest on Capital is given to partners only when the … For Partners’ Salary/Commission: Salary/Commission provided to partner For General Reserve Journal Entries and Accounting Treatment.

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Profit and Loss Appropriation Account Accountancy Class 12
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