Question
It is a special account that a firm prepares to show the
distribution of profits/losses among the partners or shareholders. Name of such account is:Solution
The P & L Appropriation Account is typically used in partnership firms and limited companies to distribute the profits or losses among the partners or shareholders. It is used to record the appropriation of profits, such as dividends, interest on capital, and other profits or losses allocated to partners or shareholders.
The average temperature for a week is recorded as 35.4°C. The difference between the highest and lowest temperatures during the week is 30°C. Addition...
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In an examination the average marks of Rohit is 54. If he got 18 more marks in science and 22 more marks in maths then his average would have been 58. F...
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