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 State any one difference between Fixed Capital Accounts and Fluctuating Capital Accounts of partners. (Al 2014 C) October 7, 2022 Dissolution expenses amounting to Rs. 15,000 were to be borne by partner Y and the balance by the firm. Dissolution expenses amounted to Rs. 25,000 and the entire amount was paid by Y. Pass journal entry. September 27, 2022 If a fixed amount is withdrawn on the first day of every month, for what period the interest on total drawings will be calculated? September 23, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
State any one difference between Fixed Capital Accounts and Fluctuating Capital Accounts of partners. (Al 2014 C) October 7, 2022
Dissolution expenses amounting to Rs. 15,000 were to be borne by partner Y and the balance by the firm. Dissolution expenses amounted to Rs. 25,000 and the entire amount was paid by Y. Pass journal entry. September 27, 2022
If a fixed amount is withdrawn on the first day of every month, for what period the interest on total drawings will be calculated? September 23, 2022