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Why should we prepare profit
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Answer Posted / 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 |
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