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define p&l approprate
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Answer / ramesh_ca1707
It means that any profit which can be arise after meeting
all operation obligations,that profit can be distributed to
the shareholders.
This account will shows how the profit will be allocate or
apportioned to the different obligations
1.profit distributed to the shareholders (equity and
preference)
2.Transfer to the General Reserve.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / rahul kashyap
It is just a statement not a formal account and it is not a
part of financial statements of a company.
| Is This Answer Correct ? | 4 Yes | 2 No |
Expand-------BACD
Short Answer on ___________Journal
Why Copyrights,patents,goodwill etc.etc. falls under real account and not nominal or personal account? I know anything which affect trading & Profit & Loss accounts are nominal accounts.And the above do not affect the Trading or P/L accounts but on the other hand they are intangible and neither can they fall under real accounts as Real accounts are those that are not personal and they are tangible. Again in another way if we see, Patents, Copyright ,Goodwill etc. etc. kindoff acts as a representative of a person or a company like in the same way as a Bank or Company name,so they can they not fall under Personal Account??
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