what is the diff btw charge and appropriation
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Answer Posted / surenderreddy gopireddy
charge compulsory in nature, whether the company having profit or not it should be charged to profit and loss a/c , but in case of appropriation it is shown after the P&L a/c that is in P&L appropriation a/c, it is debited only when profits are available after meeting the business expenditure if profits are not there no appropriation is made.
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