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what is p/l appropriation a/c?
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Answer / sanjeev
P/L appropriation account is made after p&l account is over
in which we make the provision of genral reserve, proposed
dividend, corporate tax and DTL/DTA.
and balance of P&l Appropriation account is transfer to
B/s.
Don’t forget that the appropriation account forms part of
the accounting system so the dual aspect concept applies
to it.
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / pavithra
"p/l" means Profit & loss appropriation Account
| Is This Answer Correct ? | 5 Yes | 5 No |
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