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what is profit & Loss Appropriation A/c. why it is prepered?
what are its benefit for a company.
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Answer / gitansh
profit & loss appropriation a/c is a account to find out
closing balance which is transferred to balance sheet under
the head of reserve & surplus.
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / abdullah amer
Profit and Loss Account is the Account prepared to find out
net profit or loss of the business during the period.
| Is This Answer Correct ? | 2 Yes | 3 No |
Answer / seema kadel
we can know our company going make profit or not. we also
knwo company'total purchse ans sales. we know real
condition about company. we also know nett loss or net
profit.
| Is This Answer Correct ? | 5 Yes | 8 No |
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
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