Profit and loss appropriation account
Querist : Anonymous
I was studying for the competetive test.there i came across one question stating that proviosion for income tax is not recorded in profit and loss appropriation account.is it true.other options are transfer to general reserve proposed dividend and dividend equalisation fund. please need a help over this confusion.
if they want to give dividend to the share holder then tfr to proposed dividend a/c
Querist : Anonymous
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