Menu
Transfer of loss in profit and loss appropriation a/c
In case of Partnership firm, if there is loss in Profit and Loss A/c. Can we transfer that loss to Profit and Loss Appropriation A/c and distribute that loss to partners?
OR
We must distribute the loss among partners in Profit and Loss A/c only?
Please explain in detail. Whether losses can be distributed in Profit and Loss Appropriation A/c or not.
Replies (1)
Yes, we can distribute the profit or losses among partners in P&L appropriation account.
Recent Topics :
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
Related Topics :
CAclubindia
