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Mukesh Samantaray

Mukesh Samantaray (Querist)
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25 July 2009 what is "profit & loss appropriation account"? describe briefly.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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25 July 2009 Pl read the articles in http://www.highbeam.com/doc/1O17-profitandlossapprprtnccnt.html

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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28 July 2009 Profit and loss appropriation account: Part of the income statement (profit and loss account) that explains how a firm's profit has been used to pay dividends, and/or to increase reserves indicated in the balance sheet. It states what happens to profit, instead of how it was earned, and is usually shown separate from the main statement.

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Mukesh Samantaray

Mukesh Samantaray (Querist)
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29 July 2009 what is the usage of profit & loss appropriation a/c in partnership accounts?