PROFIT AND LOSS APPROPRIATION ACCOUNT

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Narendra (Querist)
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27 March 2009 Sir,

Could you pls guide me what is profit & loss appropriation account and what is the purpose of it.

pls expalin in detail.

CA LOKESH KASAT, FCA, M.Com

CA LOKESH KASAT, FCA, M.Com (Expert)
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27 March 2009 Once P&L A/c is prepared. to do some adjustment with Net profit, pre-decided by management, a seprate A/c is prepared known as P&L Appropriation A/c.

C A GROUP COACHING

C A GROUP COACHING (Expert)
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27 March 2009 Query already answered. Pls dont repeat. Answers will not change

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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28 July 2009 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

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