Yes

Profit and Loss Appropriation Account is a part of the financial statements prepared by a partnership firm to show the division of profits among partners. Drawings are the amounts withdrawn by partners for personal use, and they are considered as a charge against the profits of the partnership firm.

Explanation:

Role of Profit and Loss Appropriation Account:
- The Profit and Loss Appropriation Account shows how the net profit of the partnership firm is appropriated among the partners.
- It includes various items such as interest on capital, salary to partners, commission to partners, and the share of profits to partners.

Treatment of Drawings:
- Drawings made by partners are considered as a reduction in their capital and are not treated as business expenses.
- These drawings reduce the amount of profit available for distribution among partners.
- Therefore, the amount of drawings is deducted from the net profit before arriving at the profit available for appropriation.

Impact on Profit and Loss Appropriation Account:
- The amount of drawings made by partners is shown as a separate item in the Profit and Loss Appropriation Account.
- It is deducted from the net profit to arrive at the profit available for distribution among partners.
- The remaining profit is then distributed among partners according to their profit-sharing ratio.

In conclusion, drawings made by partners are considered as a charge against the profits of the partnership firm and are reflected in the Profit and Loss Appropriation Account to ensure proper allocation of profits among partners.