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AP
Question Practice

How is the Profit and Loss Appropriation Account related to the Profit and Loss Account?

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

How is the Profit and Loss App...

Single Answer MCQ
Q-00081966

How is the Profit and Loss Appropriation Account related to the Profit and Loss Account?

1

It summarizes the Profit and Loss Account

2

It is an extension to show distribution of profits

3

It is unrelated

4

It serves as an alternative to the Profit and Loss Account

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