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

Question Posted / swosti

2 Answers
5747 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

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.

Is This Answer Correct ?

12 Yes

2 No

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

Post New Answer

More Accounting AllOther Interview Questions

Whats the difference between merger and aquisition?

1 Answers Capital IQ, Thomson Reuters,

whatis ratio analysis and methods of its calculation.

2 Answers

Expand C C A

1 Answers

WHAT IS THE BASIC PRINCIPLE WHICH INFORMS THE HEALTH OF A COMPANY THROUGH ACCOUNTS

1 Answers

what r financial derivatives

1 Answers Cognizant,

why do you want to work here?

0 Answers

What do you mean by invoice?

Expand---------SPRT

expand S L M

Expand ------PASA

How to prepare monthly P&L and Balance Sheet (I am using Tally 7.)2. Please guide me in detail(step-by-step) from JV to finalization and also how to start on the first day of the next month if we close the books in the previous month.

1 Answers

what is the meaning of preliminary expenses and how you shown in balance sheet

50 Answers Banking, BPL, CA, Capital IQ, Chartered Accountant, First Midwest Bank, GE, Glass Wall Systems, Ocwen, Siemens,

For more Accounting AllOther Interview Questions Click Here