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AP
Question Practice

How are wrong appropriations of profit treated in the capital accounts?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Accounting for Partnership: Ba...
Question Bank

How are wrong appropriations o...

Single Answer MCQ
Q-00082032

How are wrong appropriations of profit treated in the capital accounts?

1

Written off as losses

2

Adjusted in the next accounting period

3

Rectified by journal entries

4

Ignored entirely

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Q4.

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