Why should we prepare profit

Answer Posted / spsiva.mba

The main purpose of preparing a profit and loss
appropriation account is to distribution of profits.

Is This Answer Correct ?    26 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner

1474


how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..

1517


Assets are held in the Business for the purpose of____________________

1771


Hi, If I am placing the order in amazon on behalf of the customer who place the order in other e-commerce application in which If I mention the billing address of the customer and goods will be delivered to the customer from amazon ,and other E-commerce site will deduct their commission on the certain % and make the payment to me on some what profit at that time how should maintain my books of account..??

935


1) why rbi charges more interest rate in d form of repo while borrowing from commercial banks, and lends at a lower interest rate(reverse repo) to d commercial banks? 2) Do cooperative banks need to maintain policy rates with rbi? 3) why rbi does'nt pay any interest rate on CRR?

1613






How to maintain Purchase Orders ? Please explain by proper format.

1802


Expand-------------BRTS

1519


hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?

1511


How to answer for the question, tell me about ur project? I mean in which format can i say?

1624


how a fund flow statement benefit the individual, corporate?

1639


in which group under we will open donation and hamali weekly payment account or ledger

1591


Expand--------AA

1589


Difference Between Revenue & Capital Expenditure (Give an Example of each )

1653


why the RRB'S not lend loans directly to farmers?

1510


I want to know that if i get call from Mumbai Circle in SBI. what does it mean where will be my posting and my job profile, will i get accomodation from bank or not.

1496