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easyMCQCUET Accountancy 2025 24 May Shift 12026Accountancy
1 mark

Which of the following items is not shown in the Profit and Loss Appropriation Account?

  1. A
    Partner's Salary
  2. B
    Interest on Drawings
  3. C
    Interest on Capital
  4. D
    Depreciation

Solution & Step-by-step Explanation

Profit and Loss Appropriation Account is used to distribute the net profits of a firm among partners (e.g., Partner's Salary, Interest on Capital, Interest on Drawings). Depreciation is a charge against profits and is debited to the standard Profit and Loss Account, not the Appropriation Account.

Practice this question

Try it yourself before checking the explanation above.

Which of the following items is not shown in the Profit and Loss Appropriation Account?
A
Partner's Salary
B
Interest on Drawings
C
Interest on Capital
D
Depreciation

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