Does profit and loss appropriation account is prepared in loss
Atharv Sankliya (1323 Points)
30 October 2021
does profit and loss appropriation account is prepared when there is loss
Atharv Sankliya (1323 Points)
30 October 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3374 Points)
Replied 02 November 2021
Profit and Loss Appropriation Account is necessary for businesses, especially partnerships because they help to allocate the net of expenditures and incomes among the various partners.
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