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.
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Which technology is used in SSDs for storing data?
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Determine the mean of the following observations:
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Calculate the simplified value of the given expression:
...
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The first, second and fourth terms of a ratio are 4, 6 and 12 respectively. So what will be the third term?Â
The value of integration of log x / x2 is:
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