Accountancy, asked by saynmusic5395, 8 months ago

Do all forms of business organisation prepare profit and and appropriation

account?​

Answers

Answered by Anonymous
8

Answer:

P&L account is prepared by all types of businesses. P&L appropriation account is prepared mainly by partnership firms. Profit and loss account don't have any opening or closing balance as it is prepared for a specific accounting period.

Answered by chery1306
6

Follow=10 thanks.......

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