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In the case o...

Question

In the case of Loss, what are the Appropriation items that are still relevant- like Int on Capital, Partners Salary,etc- whether these need to be paid even if there is a loss

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Solution

Dear Student, in case of Loss Interest on Capital should not been provided, however, if it is charge against profit then it should be given to patners.
Salary will not be provided in case of loss.

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