what is profit & Loss Appropriation A/c. why it is prepered?
what are its benefit for a company.
Answers were Sorted based on User's Feedback
Answer / gitansh
profit & loss appropriation a/c is a account to find out
closing balance which is transferred to balance sheet under
the head of reserve & surplus.
|Is This Answer Correct ?||10 Yes||0 No|
Answer / abdullah amer
Profit and Loss Account is the Account prepared to find out
net profit or loss of the business during the period.
|Is This Answer Correct ?||2 Yes||3 No|
Answer / seema kadel
we can know our company going make profit or not. we also
knwo company'total purchse ans sales. we know real
condition about company. we also know nett loss or net
|Is This Answer Correct ?||5 Yes||8 No|
1) XYZ Ltd bought goods for Rs.200000 from ABC Ltd. The co gave 10% discount. give journal entries in the books of ABC Ltd and XYZ Ltd. 2) Goods bought for Rs.400000. While transporting goods destroyed. Insurance co agreed to pay 75%. post journal entries.
Q): Intangible assets(Goodwill,patents,copyright etc) how we amortise it.. this intangilble assets value can increase so till life time we should amortise these assets please guys explain me this structure?
Why does closing stock does not appear in trial balance?
Why you join CA Profession?
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
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