profit & loss appropriation accounts
This query is : Resolved
30 March 2009
why is profit & loss appropriation account prepared? and which items are taken in profit & appropriation accounts?
Manmohan ACA, CS
(Expert)
30 March 2009
P/L appropriation account is prepared to show all expenses which are not expenses but appropriation of profit.
i.e. after computing net profit, to compute dividable profit(either between partner or shareholder ) .
all appropriation of profit e.g. dividend paid, transfer to reserve, salary to partner, etc comes in P/L appro,
i.e. after computing net profit, to compute dividable profit(either between partner or shareholder ) .
all appropriation of profit e.g. dividend paid, transfer to reserve, salary to partner, etc comes in P/L appro,
30 March 2009
i agree with Mr.Manmohan
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