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Why should we prepare profit
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Answer Posted / 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 |
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