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APPROPRIATION ACCOUNT

Jane Pollock CAP1 FINANCIAL ACCOUNTING ACCA Englisch 1 Karte

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  1. 1APPROPRIATION ACCOUNT- Ledger account dealing with the allocation of net profits between partners.
    - In practice, often included as the final part of the statement of profit or loss.
    - ALL allocations to partners are included in this account, i.e. partners salaries, interest on capital and drawings, and share of profits

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ACCA CAP1 FINANCIAL ACCOUNTING (Session 7: Introduction to Partnerships) Karteikarten am APPROPRIATION ACCOUNT, erstellt von Jane Pollock am 01/05/2024.
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Jane Pollock
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