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 Give the adjusting entry and the closing entry for recording commission allowed to a partner, when the firm follows the fixed capital method. (I.S.C. 2015) September 26, 2022 What is Total Assets to Debt Ratio? October 1, 2022 What is meant by redemption of debentures by lump sum payment? September 30, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Give the adjusting entry and the closing entry for recording commission allowed to a partner, when the firm follows the fixed capital method. (I.S.C. 2015) September 26, 2022