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PROFIT AND LOSS APPROPRIATION ACCOUNT

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HERE I AM GOING TO EXPLAIN PROFIT AND LOSS APPROPRIATION ACCOUNT. So whenever we are study new topics so only first three questions arises why, when and how.  1. Why we prepared profit and loss appropriation account ? The main intention of preparing a profit and loss appropriation account is to show the distribution of profits among the partners. It is debited with interest on capital and remuneration to partners and credited with the net profits b/d from the profit and loss account and interest on drawings. Now lets understand humlog proft and loss appropriation account isilye bnate hai to find out profit/ loss and usko humlog parterns ko share kr sake jiska jitna profit hai.. 2. when we prepared profit and loss appropriation account ? IT IS PREPARED AFTER PROFIT AND LOSS ACCOUNT. IT THEREFORE, STARTS WITH NET PROFIT  ( on the credit side ) as per the profit and loss account. LETS UNDERSTAND humlog profit and loss appropriation account hamesha proft and loss / trading accounts mei cla
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PARTNERSHIP.

FIRST Let's understand what do you mean by PARTNERSHIP In simple words, Partnership means the state of being a partner in business. For example, Radha went into partnership with her sister and opened a shop in Sarojini Nagar . IN ACCOUNTS, PARTNERSHIP MEAN, Relationship between person who have agreed to share profit  and losses of business carried on  by all or any of them acting for all. Now know few important things in partnership.  ⏺️ Partners   ⏺️   Firm ⏺️   Partnership deed ⏺️   Capital Now let understand Partnership in hindi  Ager jb bhi koi do log  aur do log( perosn / partners/) se jada ek  sath koi company  kholne ke liye investment ( i.e capital ) krte hai toh usse humlog Partnership bol sakte hai. 1   what is partnership deed ?  Partnership deed is a written agreement among the partners detailing the term and condition  of the partnership. now you can write this above  definition in your exam. But for knowledge you have to understand what does it mean  So lets underst
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INTRODUCTION

Hey students, its Rishi Mishra here to help ,  class 12th students cant understand accounts through selfstudy and their school are closed due to covid 19. They dont get any help from school , coaching centre. Now this is very difficult for  student to solve question or solve doubt through selfstudy.  So here i am going to post each and every chapter of class 12th account step by step may be it will help students I am always available for my students. So here my whatsapp contact number,  7268843369 Thank you 
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