How can a profit & loss appropriation account have opening & closing
balance ?what would be journal entry for it?
Answer / abdul qudoos
privious balance of profit is called p/L appropriation
Account
Profit and Loss Appropriation A/C
To Profit and Loss Account
| Is This Answer Correct ? | 1 Yes | 2 No |
What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?
Expand C P F
Explain NAFCO?
what is aspects of taxation?
Expand S E Z
What is the Accountancy ? Give the Answer in one sentence.
what is the cost and financial accounting? what is double entry system ?
what is royalty and how it is calculated?
what is the difference between billable and nonbillable expenses?
How To Take Sheet 1 Data To Sheet 4 Without Cut,Copy ,Paste
Give Example for Intangible assets that is depreciable?
Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From