Compared to a partnership there is no necessity to prepare a profit and loss appropriation account as the profit and loss appropriation account is basically to set up the SHARE OUT of the profits/(loss) of the business amongst the partners

As the partnership itself is not taxed on its profit and the partners are taxed individually based on their share of profits (re: share of profits, interest on capital and salaries), the preparation of such profit and loss appropriations will facilitate the taxing of the individual partners.