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25 July 2009
what is "profit & loss appropriation account"? describe briefly.
25 July 2009
Pl read the articles in https://www.highbeam.com/doc/1O17-profitandlossapprprtnccnt.html
28 July 2009
Profit and loss appropriation account: Part of the income statement (profit and loss account) that explains how a firm's profit has been used to pay dividends, and/or to increase reserves indicated in the balance sheet. It states what happens to profit, instead of how it was earned, and is usually shown separate from the main statement.
29 July 2009
what is the usage of profit & loss appropriation a/c in partnership accounts?
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