what does profit and loss appropriation a/c on dr side of financial trial bala

what does profit and loss appropriation a/c on dr side of
financial trial balance mean? pls answer my question

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what does profit and loss appropriation a/c on dr side of financial trial balance mean? pls answer..

Answer / ram

After getting the net profit or net loss that will be
transfered to Profit and Loss Appropriation a/c, and that
profit or loss will be distributed to partners capitals a/c
after deducting the interest and remunerations and other
drwaings.

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what does profit and loss appropriation a/c on dr side of financial trial balance mean? pls answer..

Answer / ravi singh

because it is a fictious asset

Is This Answer Correct ?

4 Yes

2 No

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