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.
What is the purpose of a recovery point objective (RPO) in backup planning?
_________ is an agile development process focused primarily on ways to manage tasks in team-based development conditions
Which of the following clause return specific rows?
- ___________is a medium access control protocol used for transmitting data via a shared network channel.
What does a diamond shape represent in an ER diagram?
What is a "smart contract" in the context of blockchain?
ICMP sends “Destination Unreachable – Fragmentation Needed” when:
Which of the following is not a supervised learning?
With what command you can see your user name?
What is the decimal equivalent of the binary number 10101?
Relevant for Exams:
