Profit and Loss Appropriation concept || Journal || Format || Partners capital account || Class 12

📘 Profit & Loss Appropriation Account | Journal Entries & Ledger | Partnership | Class 12 Accountancy

In this video, we explain the Profit and Loss Appropriation Account of a Partnership Firm along with important journal entries and ledger posting, as per the Class 12 Accountancy syllabus. This topic is highly important for board exams and practical problem-solving.

🔍 Topics Covered:

Meaning & objective of Profit & Loss Appropriation Account

Difference between P&L Account and P&L Appropriation Account

Format of Profit & Loss Appropriation Account

Treatment of:

Interest on capital

Interest on drawings

Partner’s salary & commission


Distribution of profit among partners

Journal entries related to appropriation items

Ledger posting of partners’ capital/current accounts

Important exam-oriented points & questions



🎯 Why Watch This Video?

Step-by-step explanation with clarity

Helps in solving numerical problems

Perfect for board exam preparation & revision

Useful for CBSE, AHSEC & other Class 12 boards

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