Appropriation and adjustment accounts
Danish (student) (149 Points)
11 November 2013
One Of A Kind
(CA Final & CS Professional Student)
(187 Points)
Replied 11 November 2013
P&L Adj. A/c is prepared to rectify the errors found when the books of that year have been closed and P&l Appropriation A/c is prepared after preparing P& L A/c to appropriate the profit to reserves, owners etc