Why should we prepare profit
Answer Posted / rahul dev sharma
The profit & Loss a/c appropriation a/c is prepared to show
how the profit of a company are allocated.
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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
objective of accounting
HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?
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hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com
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