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Is interest on partners loan a part of appropriation of profit?

Interest on loan to a business is a finance cost. Irrespective who the loan is coming from, the cost of sericing the loan, that is, the interest, is to be charged in the Income Statement. In theory it is not an appropriation (division) of profit.


Which step of the necessary expense test ensures that the expenditure be necessary and incident to the proper execution of the general purpose of the appropriation?

The expenditure must bear a logical relationship to the appropriation sought to be charged


If your bank account says EFT Charged Off does this mean that the account is closed?

If an account is charged off it is automatically closed. It is listed as uncollectable debt.


Do you get charged for creating an itunes account?

No.


Can a closed bank account still be charged for any fees or transactions?

No, a closed bank account cannot be charged for any fees or transactions.


Can a company who bought a charged off account try to collect interest on the account?

Yes, interest and fees are still charged when an account is sent to collections or purchased by a third pary collector.


Have you ever experienced a situation where a debit card transaction was never charged to your account?

Yes, I have experienced a situation where a debit card transaction was not charged to my account.


Bank account debt collection?

I have a charged off account at the bank of 146.00 how do I pay that off when I'm unemployed I have a charged off account at the bank of 146.00 how do I pay that off when I'm unemployed


Can you still be charged any fees after you close a credit card account?

You can be charged any fees that were applicable to the account when it was still open. Yes, fees and interests will still be applied as long as there is an account balance.


Are you being charged for this account?

no, WikiAnswers is free to the public


Will you get charged for deleting you Google account?

no its all free


Can you get charged for making a fake twitter account?

Yes