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what are the items comes under the profit appropriation
account?
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Answer / binesh
net profit for the year
add int on draw
less int on capital
partners salary
dividend if any
partners commission
Balance to partners capital acct.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / mudunoori
Suman Saab the distribution of nett profit among the
partners according to the sharing ratios. So there will be
no items in it.
Venkat saab the accounts noted in your answer were
included in the nett profit. Be revise the subject studied
in the past
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / rajeev chaturvedi
net profit for the year
less:-corporate tax
add:- p&l bal forward
less:- transfer to general reserve
dividend
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / svenkat.888
received interest and commision gross profit
| Is This Answer Correct ? | 2 Yes | 3 No |
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