CUET Accountancy - A correct journal entry for Transfer of the balance of Profit and Loss Account (a credit balance) to Profit and Loss Appropriation Account is- | PYQs + Solutions

CUET Accountancy 2025 26 May Shift 2

Partnership

Easy

common

Profit and Loss Appropriation A/c Dr. To Profit and Loss A/c

Profit and Loss A/c Dr. To Profit and Loss Appropriation A/c

Profit and Loss Appropriation A/c Dr. To Partner's Capital/Current A/c's

Partner's Capital/Current A/c Dr. To Profit and Loss Appropriation A/c

✅ Correct Option: 2

CUET Accountancy 2025 26 May Shift 2 PYQs