what is profit & Loss Appropriation A/c. why it is
prepered? what are its benefit for a company
- 4 Answers
- 16145 Views
- I also Faced
- E-Mail Answers
Answer Posted / sudhansu dash
After preparation of Trial Balance we have to prepare our
income statement. Now a days this has been directlly
reflect in your concern statement whoever mantain the books
in electronic form.
We prepare the Profit and Loss account to get the net
profit or loss. So, like that we prepare Profit and Loss
Appropriation account to transfer our profit to various
reserve, devidend and retain earning account.
It will help the stakeholders to know the appropriate use
of the profit of the company by that we can establish the
position of the company.
| Is This Answer Correct ? | 14 Yes | 2 No |
Post New Answer View All Answers
what is the difference between profit center area and business are.? please make me clear.
Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect
How is scrap value calculated?
In which condition a vendor raise excise invoice & what are the effect of excise invoice on client ?
what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?
what is the manual procedure for accounting
In South Africa , the current rate for value added tax is ?
all ques. related to accounts?
why accounting is important in business?
what are the limitations of accounting ratios?
What is an adjusting journal entry?
What do you mean by material facts in accounting?
What is the difference between a provisions and reserves?
What is the provision?
What are the functions of manger -accounts and manager-finance? Explain in detail
