Mention a case where Profit & Loss Appropriation Account will be prepared even if Profit & Loss Account discloses net loss. Post category:Accountancy Reading time:1 mins read SOLUTION In case of Interest on Drawings. Application based 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 PostWhy is Profit and Loss Appropriation Account prepared by a Partnership Firm? Next PostA and B jointly purchased a plot of land. Will they be called partners? You Might Also Like Write two items of credit side of Current Accounts. September 23, 2022 X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as partner with 1/4 share in profit. Z takes his share from X and Y in the ratio of 2 : 1. Calculate new profit-sharing ratio. July 29, 2022 Interest paid by an investment company will come under which kind of activity while preparing Cash-flow statement? October 6, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as partner with 1/4 share in profit. Z takes his share from X and Y in the ratio of 2 : 1. Calculate new profit-sharing ratio. July 29, 2022
Interest paid by an investment company will come under which kind of activity while preparing Cash-flow statement? October 6, 2022