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Name any two items which are shown on the debit of Profit and Loss Appropriation Account.

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

(i) Interest on Capital, (ii) Salary to Partners.


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Previous PostName the method of calculating interest on Drawings of the Partners if the different amounts are withdrawn on different dates.
Next PostName any two items which are shown on the credit of Profit and Loss Appropriation Account.

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