Does profit and loss appropriation account is prepared in loss
Atharv Sankliya (1359 Points)
30 October 2021
does profit and loss appropriation account is prepared when there is loss
4 Replies
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8656 Points)
Replied 02 November 2021
Profit and Loss Appropriation Account is necessary for businesses, especially partnerships because they help to allocate the net of expenditures and incomes among the various partners.
Recent Topics
- Accounting in Fintech companies
- Section 80DD Deduction Filing Error
- Which Form I have to fill - ITR1 or ITR2
- INTEREST EARNING IN USD AND JPY FCNR REPORTING IN
- ONLING FILLING ITR2 FOR PENSIONOR
- Sold Shares and purchased Open plot
- ITR 2 FILING FOR AY 2025-26
- TDS on Purchase of Property from Joint Owners
- TDS PURCHASE ON PROPERTY
- Sold shares and Purchased plot
Related Threads
Trending Online Classes
CAclubindia
