Name any two items which are shown on the credit of Profit and Loss Appropriation Account. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Profit for the year. (ii) Interest on Drawings. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostName any two items which are shown on the debit of Profit and Loss Appropriation Account. Next PostWhy salary and commission paid to partners are recorded in Profit & Loss Appropriation Account instead of Profit & Loss Account? You Might Also Like A and B share profits in the ratio of 2: 1. C is admitted with l / 3rd share in profits. C acquires 2 / 3 of his share from A and 1 / 3 of his share from B. What will be the new profit-sharing ratio? September 26, 2022 Vinay and Naman are partners sharing profits in the ratio of 4: 1. Their capitals were Rs. 90,000 and Rs. 70,000 respectively. They admitted Prateek for 1 / 3 share in the profits. Prateek brought Rs. 1,00,000 as his capital. Calculate the value of firm’s goodwill. (CBSE 2018, 2018 C) October 8, 2022 Why should a new partner contribute towards goodwill on his admission? (Delhi 2017 C) October 7, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A and B share profits in the ratio of 2: 1. C is admitted with l / 3rd share in profits. C acquires 2 / 3 of his share from A and 1 / 3 of his share from B. What will be the new profit-sharing ratio? September 26, 2022
Vinay and Naman are partners sharing profits in the ratio of 4: 1. Their capitals were Rs. 90,000 and Rs. 70,000 respectively. They admitted Prateek for 1 / 3 share in the profits. Prateek brought Rs. 1,00,000 as his capital. Calculate the value of firm’s goodwill. (CBSE 2018, 2018 C) October 8, 2022
Why should a new partner contribute towards goodwill on his admission? (Delhi 2017 C) October 7, 2022