Answer Posted / deepak

hy i am ica student and as far as i know THE DIFF BETWEEN
CHARGE AND APPROPRIATION CAN BE STATED WITH AN Example
for charge.. DEPRECIATION CAN BE AN EXAMPLE.. whether there
is a profit or loss the depreciation is charged to the
profit and loss account..for appropriation.. reserves or tax
can be taken as an example.. it can be only appropriated
when there is a profit.. otherwise there is no
appropriation.. for charge let there be a profit or loss it
is valid.. appropriation is only valid when there is a profit.

Let me know the liability positions of Partners

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