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Mention a case where a profit and loss appropriation account will be prepared even if the profit and loss account discloses a net loss. - Accounts

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प्रश्न

Mention a case where a profit and loss appropriation account will be prepared even if the profit and loss account discloses a net loss.

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उत्तर

A profit and loss appropriation account will be prepared even if the profit and loss account shows a net loss in the case of interest on drawings.

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अध्याय 1: Accounting for Partnership Firms - Fundamentals - SHORT ANSWER QUESTIONS [पृष्ठ १.१३५]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
अध्याय 1 Accounting for Partnership Firms - Fundamentals
SHORT ANSWER QUESTIONS | Q 64. | पृष्ठ १.१३५
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