what are the items comes under the profit appropriation account?

what are the items comes under the profit appropriation
account?

Question Posted / suman reddy

4 Answers
7583 Views
TCL, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

what are the items comes under the profit appropriation account?..

Answer / binesh

net profit for the year

add int on draw

less int on capital
partners salary
dividend if any
partners commission

Balance to partners capital acct.

Is This Answer Correct ?

2 Yes

0 No

what are the items comes under the profit appropriation account?..

Answer / mudunoori

Suman Saab the distribution of nett profit among the
partners according to the sharing ratios. So there will be
no items in it.
Venkat saab the accounts noted in your answer were
included in the nett profit. Be revise the subject studied
in the past

Is This Answer Correct ?

3 Yes

2 No

what are the items comes under the profit appropriation account?..

Answer / rajeev chaturvedi

net profit for the year
less:-corporate tax
add:- p&l bal forward
less:- transfer to general reserve
dividend

Is This Answer Correct ?

2 Yes

2 No

what are the items comes under the profit appropriation account?..

Answer / svenkat.888

received interest and commision gross profit

Is This Answer Correct ?

2 Yes

3 No

Post New Answer

More Accounting AllOther Interview Questions

Pls Explain Accounting Standered 1,3,11,29

0 Answers

Calculate Maximum allowable remuneration to working partners as for section 40b of the Income Tax Act 1. In case of professional firm'' 2. Incase of Business Firm

6 Answers

Short Answer on ___________Arbitrator

2 Answers

What percentage of discounts lost did you have in Accounts Payable? Did the percentage increase or decrease under your supervision?

1 Answers Boston Consulting Group, Noble Group, United Healthcare,

calls in arrears come under which group in tally?

1 Answers

capital reserve and revenue reserve

1 Answers

Expand ---------HNSS

1 Answers

how to check which item is sold by the sundry debtors in tally?

0 Answers

Expand ________ACAT

1 Answers

Professional fees of Rs.30000/- is paid to a consultant ABC & Co. please pass the necessary entry for the same

43 Answers

How to adjust payment transfer amount one party to another party in Tally?

1 Answers

18. If the real gross domestic product of US has increased, but the production of goods remained the same, then the production of services has; a) Increases b) Decreases c) Remained same d) Would vary

5 Answers Capital IQ,

For more Accounting AllOther Interview Questions Click Here