Why should we prepare profit
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Answer Posted / jay kuamr
In partnership firm "p\L A\C approciatoin" will prepare to
distribution of profit or loss
In corporated company prepare to adjust the suspence a\c
amount or transfer to next year it will happn in the case
of while preparing final accounts any difference will come
transfered to suspense a\c it will happen at that time
suspense amt will rectify with preparing p\L Appropriation
A\C
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