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.
How many triangles are there in the given figure?
It was Thursday on February 1, 2007. What was the day of the week on February 2, 2006?
What should come in place of ? in the given series based on the English alphabetical order ?
OWL QAQ ? UIA WMF
‘A # B’ means ‘A is the brother of B’.
'A @ B' means 'A is the daughter of B'.
‘A & B’ means ‘A is the husband of B’.
...Six members M1, M2, M3, M4, M5 and M6 of a family are sitting in a row facing towards the north (not necessarily in the same order). M3 sits to the imme...
Select the wrong term in the given alpha-numeric series.
H25U, I30T, J35S, K40R, L45PÂ
In this figure, first figure is related to second figure following a certain pattern. Choose from among the alternatives, the figure pair, in which the ...
Eight boys B1, B2, B3, B4, B5, B6, B7 and B8 are sitting in a row facing towards the north (not necessarily in the same order). B6 is fifth to the right...
If TABLE is written as 84973 and CHAIR is written as 51462, then how is TEACHER coded?
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