Can we write loss in credit side of profit and loss appropriation account?

Diya Kothari answered  •  9 hours ago
Surplus is written in the Dr side and deficit is written in cr side always in an p n l appropriation acc

(Q)When will there be a surplus in balance of trade ?

Dhanya Sree answered  •  9 hours ago
When the value of Exports is greater than the value of inports,there will be surplus of trade.

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A, B and C are sharing profits and losses in the ratio 5:3:2 with effect from 01/04/2013 they decide to share profit and losses equally. Which partner has to sacrifice

Deepak Patel answered  •  13 hours ago
Old ratio
A. : B : C
5 : 3 : 2
new ratio
A : B : C
1 : 1 : 1

A,
sacrificing ratio = old - new ratio
5/10 - 1/3
15-10/30
= 5/30 (sacrifice)
B,
sacrificing ratio = old - new ratio
... more

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