P&L ADJUSTMENT VS P&L APPROPRIATION

SIR CAN ANY ONE POST EXACT MEANING OF P&L ADJUSTMENT AND P&L APPROPRIATION  AND THEIR BASIC DIFFERENCE.........

Replies (1)

There are three stages:-

Profit and Loss Account first stage. What is termed to be first closure.

Profit and Loss Adjustment Account second stage .

Here one incorporates the adjustments at balance date that are needed
to sophisticate the first closure.
These are called Balance Date Adjustments.
Accruals come into play here.

Profit and Loss Appropriation Account.

This is the third and final closure.
When the second tier is closed.
Decisions are made as to how the distribution takes place.
Some profit can be distributed, the balance is carried forward in the Balance Sheet.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details