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define p&l approprate
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Answer / ramesh_ca1707
It means that any profit which can be arise after meeting
all operation obligations,that profit can be distributed to
the shareholders.
This account will shows how the profit will be allocate or
apportioned to the different obligations
1.profit distributed to the shareholders (equity and
preference)
2.Transfer to the General Reserve.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / rahul kashyap
It is just a statement not a formal account and it is not a
part of financial statements of a company.
| Is This Answer Correct ? | 4 Yes | 2 No |
If net profit is a profit why does it appear on the liability side of the balance sheet
to attend interview for real estate company accounts
CAN A PERSON OPEN A PERSONAL CURRENT ACCOUNT IN BANK FOR PERSOANAL TRANSACTION.
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
Financial Management vs Management accounting?
EXPAND_________SFI
hi.. inthe month of june our expenses 540.petty cash replenishment we received 530. in the next month we received the balance 10 and july petty cash replenishment for 450 + 10. how to prepare jv. eg: subry expenses a/c 540 to cash 530 to ???? 10 july: sundry expenses 450 ??????????????? 10 to cash 460 pls help
Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
Why we reconcile our debtors? what steps we taken during reconciliation.
Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry
what is accouting
Audit 
