Which of the following is not mentioned in the Profit and Loss Appropriation A/c of a partnership firm?
A) Interest on drawings
B) Opening balance of capital
C) Salary to partner
D) Commission to partner
E) Interest on capital
F) Net profit of profit & loss A/c

B only

In a partnership, additional adjustments need to be made, such as interest on drawings, interest on capital, partner salaries, and partner commissions. To facilitate these adjustments, it is customary to prepare a Profit and Loss Appropriation Account for the firm. This account helps determine the final amount of profit or loss to be distributed among the partners based on their agreed profit-sharing ratio. If the firm incurs a loss, partners are not entitled to receive any interest on capital, salary, or remuneration. These are allowed only when the firm has earned profit during the accounting year.