FRA Unit 5 Partnerships ???

A-Vic
A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
in AAT Level 3 (Level 6 in Scotland)
I missed this in class today can anyone help with this i have the notes but its double dutch to me

Thanx

Vic

Comments

  • sarahwilson
    sarahwilson Registered Posts: 567 Epic contributor 🐘
    What are you stuck with I'll try help you if I can.
  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
    Anything! i kinda understand the approation account but how to divide it in the P&L
  • Esme
    Esme Registered Posts: 711 Epic contributor 🐘
    the appropriation account is seperate to the profit and loss and balance sheet.

    The appropriation account splits up the net profit which is calculated from the profit and loss account.
  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
    But dont you have to show this at the bottom of the profit and loss?
  • Esme
    Esme Registered Posts: 711 Epic contributor 🐘
    I think the appropriation account is seperate but comes after the profit and loss account so I suppose it could go underneath, I'm not entirely sure though.

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