Query - what is the difference?

P & L Appropriation A/c is prepared at the time of finalisation of accounts to show appropriation (Distribution) of profits.

P & L Adjustment A/c is prepared after finalisation of accounts to rectify any error in the accounts or to give retrospective effects for some adjustments.

Eg.: For valuation of goodwill some adjustments are made in final accounts i.e. to record expenses.

I am agree with the above aswr

agree with ketan

further

adjustment is the  modification of calculated profit

raher appropriation is the distribution of final profit among the retain earnings & distributed dividends

for more info contact-9211512505

Thank you all

Further P/l appropriation account is made in every case , but adjustment is made in case o rectification of mistake

Thanks Ms.Anshika for your reply.
 

Please let me know why a jounal entry is not passed to rectify a mistake, if there are any.

What is the need for P & L adjustment A/c?

Thanks.

THANKS TO ALL FOR KNOWLEDGE!!!!