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Why should we prepare profit
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Answer / spsiva.mba
The main purpose of preparing a Profit and Loss
Appropriation account is "Distribution of profits".
| Is This Answer Correct ? | 154 Yes | 12 No |
Answer / spsiva.mba
The main purpose of preparing a profit and loss
appropriation account is Distribution of profits.
| Is This Answer Correct ? | 55 Yes | 11 No |
Answer / dron bharadwaj
In respect of Companies , P & L Appropriation is made to
show how the profits of companies have been appropriated (
To set apart for a specific use ).
For example - Net Profit transffered to General Reserve ,
proposed dividend etc.
These items show how the profit is assigned to different
purposes .
| Is This Answer Correct ? | 35 Yes | 9 No |
Answer / spsiva.mba
The main purpose of preparing a profit and loss
appropriation account is to distribution of profits.
| Is This Answer Correct ? | 26 Yes | 6 No |
Answer / jay kuamr
In partnership firm "p\L A\C approciatoin" will prepare to
distribution of profit or loss
In corporated company prepare to adjust the suspence a\c
amount or transfer to next year it will happn in the case
of while preparing final accounts any difference will come
transfered to suspense a\c it will happen at that time
suspense amt will rectify with preparing p\L Appropriation
A\C
| Is This Answer Correct ? | 46 Yes | 29 No |
Answer / gopal sharma
The main purpose of preparing a profit and loss
appropriation account is to distribution of profits
| Is This Answer Correct ? | 17 Yes | 2 No |
Answer / arvind kumar jain
Actally Profit and loss appropriation account is prepared to
accertain the balance of net profit for distribution after
making due enteries of general reserve, proposed dividend,
partners salary, comm, interest and taxes like fbt....
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / hussain
the main purpose of prepare p&l apprn. a/c is to
distribution of profits
| Is This Answer Correct ? | 12 Yes | 2 No |
Answer / gyanender nehra
Profit & loss app. a/c is prepared to show the
Appropriations of the Profits.
The aim of preparing Profit & Loss app. a/c is to allocate
the those Profits for which a Company has no
obligation,these profits are transferred to Gen Reserve,or/
and avail as proposed dividend to Share Holders.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / sweet name
Profit & loss appropriation A/c is prepared to know the
appropriation of funds in the business and to adjust the
balances if any in profit & loss A/c.
| Is This Answer Correct ? | 5 Yes | 2 No |
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