P&L appropriation a/c is a nominal a/c or representative personal a/c?
Hey Amandeep, Profit and Loss Appropriation Account is nominal account. Rule of nominal account i.e. 'Debit all the expenses and losses, Credit all the incomes and gains', is followed while preparing this account.
I hope this clarifies your doubt.
Keep Posting!!
I hope this clarifies your doubt.
Keep Posting!!