Menu
plz. tell me differance
please tell me somebody that what is the differance between profit & loss a/c and profit & loss appropriation ?
Replies (1)
When We Calculate Profit or loss for the period by debiting expenses and creditig income, it is called profit and loss account
On the other hand when we distribute or set aside any of the profits, it is done through Profit and loss appropriation account
All the best
Recent Topic
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
- What would be my Salary
- Damage good
- INCOME TAX RETURN
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
Related Topics
CAclubindia
