banner_ad

PROFIT & LOSS APPROPRIATION A/C

Accounting Entries 7263 views 4 replies

 IS IT POSSIBLE TO GET PROFIT & LOSS APPROPRIATION A/C IN TALLY 7.2 ?

 

Replies (4)

Yes of course.You just have to create an account with the name "profit and loss appropriation account" under the sub head "reserves and surplus" which will be under the main head "capital account".It will appear on the liabilty side of the balance sheet.

yes i agree with fatema

bye.

Thanx a ton Fatema.

Respected Madam,

                           Kindly guide me Three Partners A,B,C  Purchased Land/Plot for Rs.6000000.(A=2000000,B=3000000,C=1000000) and constructed Office on it with a Construction Cost of Rs.3000000.(A=1500000,B=500000,C=1000000).Should we consider their Office Construction Cost on Land as their Capital invested in business or should we charge as newly created ledger named as "Office Construction Cost A/C". What Journal Entries will be passed in this case and its effects in Income Statement and Balance Sheet. 

I shall be very thankful to you for this guidance in this matter.

Thank You!

Best Regards.

Muhammad Farooq.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details