what is profit & Loss Appropriation A/c. why it is
prepered? what are its benefit for a company

Answer Posted / abdullah amer

profit and loss account is the account prepared to find
out net profite or loss of the business during the
period.

Is This Answer Correct ?    4 Yes 11 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell me what is trial balance in accounting?

645


Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?

653


What are the important things to be remembered while preparing a bank reconciliation statement?

665


WRITE ABOUT ANY 1 "WOMENS ARE BEST MANAGEMENT PERSON" "IF UR FINANCE MINISTER OF INDIA" "V R RESPONSIBLE FOR OUR ENVIRONMENT"

1917


Wha is difference between expenses and expenditure

1359






The main financial accounting statements?

654


When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.

1503


1.Which type of records maintaing for Hotels and provision Stores. 2.in Which type of returns we are going to file. tell me whos know brefiely,,

1541


Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?

3432


1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?

886


What are accounting rules called?

666


Private purchases amounting to rs 5000 have been debited to purchases account

1027


Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)

1646


Explain what is balance sheet?

625


What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?

1126