What is Profit and Loss Appropriation Account
This query is : Resolved
20 September 2021
What exactly is Profit and Loss Appropriation Account and Does Companies need to prepare Profit and Loss Appropriation or only partnership/Prop firm are required to prepare it?
20 September 2021
Company can prepare apprapriation account. For companies, an appropriation account shows how the company’s profits are divided and retained.
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