P&L Appropriation A/c

This query is : Resolved 

15 December 2009 Hi friends,

please guide me under which head P/L Appropriation account should be opened in tally.
what is the nature of P& L appropriation A/c

15 December 2009 Under tally, there is already an account 'Profit & Loss Account'. Pass all the PL Appropriation entries through this account only. No need to open separate account.



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