Examsnet
Unconfined exams practice
Home
Exams
Banking Entrance Exams
CUET Exam Papers
Defence Exams
Engineering Exams
Finance Entrance Exams
GATE Exam Practice
Insurance Exams
International Exams
JEE Exams
LAW Entrance Exams
MBA Entrance Exams
MCA Entrance Exams
Medical Entrance Exams
Other Entrance Exams
Police Exams
Public Service Commission (PSC)
RRB Entrance Exams
SSC Exams
State Govt Exams
Subjectwise Practice
Teacher Exams
SET Exams(State Eligibility Test)
UPSC Entrance Exams
Aptitude
Algebra and Higher Mathematics
Arithmetic
Commercial Mathematics
Data Based Mathematics
Geometry and Mensuration
Number System and Numeracy
Problem Solving
Board Exams
Andhra
Bihar
CBSE
Gujarat
Haryana
ICSE
Jammu and Kashmir
Karnataka
Kerala
Madhya Pradesh
Maharashtra
Odisha
Tamil Nadu
Telangana
Uttar Pradesh
English
Competitive English
Certifications
Technical
Cloud Tech Certifications
Security Tech Certifications
Management
IT Infrastructure
More
About
Careers
Contact Us
Our Apps
Privacy
Test Index
CUET UG Accountancy 28 May 2023 Shift 3
Show Para
Hide Para
Share question:
© examsnet.com
Question : 24
Total: 50
The steps in the Process of Preparing Profit and Loss Appropriation account are :
(A) Transfer the net profit to the credit side of P & L Appropriation A/c
(B) Divide the Profit among partners in the Profit Sharing ratio
(C) Ascertain net profit after providing for all charges
(D) Debit the P & L Appropriation A/c with all appropriations like partners salary etc.
(E) Credit the P & L Appropriation A/c with interest on drawing and deficiency on account of partner's guarantee of earnings to the firm.
Choose the
correct
answer from the options given below:
(A), (B), (C), (D), (E)
(C), (A), (D), (E), (B)
(B), (C), (E), (A), (D)
(B), (C), (D), (A), (E)
Validate
Solution:
© examsnet.com
Go to Question:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
Prev Question
Next Question