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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.


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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?

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