Can we record interest on partners loan to firm. as appropriation

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1359 Points Posted on 30 October 2021
can we record interest on partner's loan to firm. as appropriation
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On 30 October 2021 at 15:00 Report
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This discussion addresses whether interest paid on a loan provided by a partner to their firm can be recorded as an appropriation. While the initial response suggests 'yes', it also references the definition of a Profit and Loss Appropriation Account. Further clarification indicates that it is generally not treated as an appropriation but rather as an expense.

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My grammar is 💯 good I
7306 Points Posted on 30 October 2021

Yes What is Profit and Loss Appropriation Account? - AccountingCapital

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On 30 October 2021 at 18:43
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Chartered Accountant
24588 Points Posted on 31 October 2021
No....
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On 31 October 2021 at 06:01

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