Why should we prepare profit

Answer Posted / nsengiyumva celestin

profit and loss appropriation account is prepared with the
main purpose of distributing profits earned by a company
over a determined period of time.
Profit should be distributed as
Dividends
capital share
reserves
special reserves
...

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is budgetory control and what are the types

1938


Short Answer on _________Commerce

1418


Is TDS applicable to Voice Over IP(VOIP) service to an India VOIP service provider? please provide the related acts and case studies.

1784


What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school

1554


what is the system of accounting and banking in cooperative bank?

3000






what is your achievements?

1523


business sepsarate entity concepts

1424


Where to enter bonus and pf esi in tally pls help for me

1559


How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under

1373


What is Split And buy-back?

2250


Short answer on Allowances

1502


Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations

1713


Short Answer on ________Ad-Valorem Duties

1555


AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE

1731


what you mean by cross dunning

1731