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Partners' salaries are charged in the appropriation account because they represent a distribution of profits rather than an operational expense. This allocation ensures that the partners are compensated for their contributions to the business while maintaining transparency in profit-sharing. By including these salaries in the appropriation account, it provides a clear picture of how profits are allocated among partners after accounting for all expenses. This practice also helps in determining the net profit available for distribution.
What else can I help you with?
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.
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
Why is depreciation is charged on profit and loss account?
Depreciation is the allocation of the portion of assets value to fiscal year in which it is used it is charged to profit and loss account because it is that portion of asset value which is expensed and expenses are shown in profit and loss account.
Can a credit card company reopen a charged off account?
No, a credit card company will not reopen a charged off account. They may choose to grant you a new line of credit, but this would be rare.
What can happen if you overdraw a bank account?
You may be charged an overdraft fee.
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
