Answer Posted / jubeda
TO KNOW THE NET PROFIT OR LOSS IN THE BUSINESS. WHEN THERE
IS ADJUSTMENT STATING THAT SALARY /COMMISSION TO PARTNER,
INTEREST ON CAPITAL, INTEREST ON DRAWINGS THEN WE PREPARE
THE PROFIT & LOSS APPROPRIATION A/C AND TO GET THE ACTUAL
NET PROFIT/LOSS OF THE FIRM/CO./BUSINESS.
| Is This Answer Correct ? | 1 Yes | 5 No |
Post New Answer View All Answers
Tell me how many types of business transactions are there in accounting?
How is the accounting for hire purchase transactions done?
Explain the accounts payable cycle
what is the Journal entry for credit card bill paid from same bank account
How to create a liability for Service Tax in SAP
what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam
What is the fictitious assets?
Why did you choose the a-levels you did?
what accounts payable applications are your familiar with?
what is t code of all expences general legder?
what are the voucher entries for depreciation in tally and when?
Tell me why do you apply for a job of an account executive?
what is profit and loss(dr) in cash flow statement?
What is the difference between the accrual accounting and cash accounting?
HELLO FRIENDS I WANTED TO THAT IS DUPLICATE KEY MAKING CHARGE IS UNDER THE HEAD OF GENERAL EXPENSES
