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P&L Appropriation A/c

This query is : Resolved 
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(Querist)
15 December 2009 Hi friends,

please guide me under which head P/L Appropriation account should be opened in tally.
what is the nature of P& L appropriation A/c
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
15 December 2009 Under tally, there is already an account 'Profit & Loss Account'. Pass all the PL Appropriation entries through this account only. No need to open separate account.
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