what is profit & Loss Appropriation A/c. why it is prepered?
what are its benefit for a company.
- 3 Answers
- 6719 Views
- I also Faced
- E-Mail Answers
Answer Posted / gitansh
profit & loss appropriation a/c is a account to find out
closing balance which is transferred to balance sheet under
the head of reserve & surplus.
| Is This Answer Correct ? | 10 Yes | 0 No |
Post New Answer View All Answers
What is control in accounting?
any one provide me mm & fi configration steps
Discuss the consistency concept in accounting
What is departmental accounting? Give an example
Tell us do you have any professional experience of this field?
What are the accounting events that are frequently involved in compound entries?
Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
can any accountant forward format of daily or monthly mis format for accounts and finance dept!!
List the type of transactions entered in journal proper.
What is Capital Commitments means?
GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry
In accounting, are assets a permanent account?
There is no item category assigned to account
what is the meaning of written-off as goodwill written-off
Tell me why did you select accounting as your profession?
