Question
Which one of the following item cannot be recorded in
Profit and Loss Appropriation Account?ÂSolution
The Profit and Loss Appropriation Account is used only in partnership firms to distribute profits among partners. Items recorded here include: • Interest on Capital (appropriation item) • Interest on Drawings (appropriation item) • Partner’s Salary (appropriation item) However: Manager’s Commission This is a business expense, not an appropriation of profit. Therefore, it is recorded in the Profit & Loss Account, not in the Profit & Loss Appropriation Account.
Cyanobacteria is:
Symptoms appear as cup shaped, distorted and abnormally dark green leaves. In wheat and barley young leaves appear thread like .Identify the reason.
Average capacity of a windmill would be about:
What constitutional amendment led to the incorporation of Panchayat Raj institutions in India?
Sand dunes are commonly seen in:
Which recommendation proposed effective administrative decentralization through elected local self-government bodies?
A national scheme that provides insurance coverage and financial support to farmer in case of crop damaged due to natural calamities is:
The Price Support Scheme (PSS) under PM-AASHA covers which of the following crops?
What nutrient deficiency leads to the development of the "Red leaf disorder" in cotton plants?
. ……………………is an idea, practice or object that is perceived as new by an individual or other unit of adoption.
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