Does profit and loss appropriation account is prepared in loss
Atharv Sankliya (1354 Points)
30 October 2021
does profit and loss appropriation account is prepared when there is loss
4 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5181 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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