FRA Unit 5 Partnerships ???

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
    What are you stuck with I'll try help you if I can.
  • A-Vic
    A-Vic Registered Posts: 6,970
    Anything! i kinda understand the approation account but how to divide it in the P&L
  • Esme
    Esme Registered Posts: 711
    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
    But dont you have to show this at the bottom of the profit and loss?
  • Esme
    Esme Registered Posts: 711
    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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