what is profit & Loss Appropriation A/c. why it is
prepered? what are its benefit for a company
Answer Posted / sankeerthana
Profit and Loss apportionment account is prepared by the
partnership firms. Thru this nett result will be
apportioned among the partners.It will be prepared on the
closure date.
Is This Answer Correct ? | 18 Yes | 8 No |
Post New Answer View All Answers
Where do generally accruals appear on the balance sheet?
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
want to know the questions and answers frequently asking in banks at the time of interview for any cadre
When Tds is applicable to deduct and wht is rate for different work panel?
export sales contract and domestic sales contract? india's trade in commercial services?
Tell us do you have any idea about service tax or excise?
Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c
what is the rate of vat,cst,in mumbai
Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?
what is the enty for contract bill raised?
how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.
You are a B.E Student? How can u manage Banking?
HOW CAN WE CONVERT IN CFT TO A ROUND LOG??
Tell me by saying, perpetual or periodic inventory system; what do we mean?