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प्रश्न
Do all forms of business organisations prepare a Profit and Loss Appropriation Account?
लघु उत्तरीय
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उत्तर
No, only partnership firms prepare a Profit and Loss Appropriation Account. This account is used to distribute the profits among the partners, accounting for items like interest on capital, salary to partners, and the division of profits according to the profit-sharing ratio.
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