Accountancy, asked by bishakhachoudharymp0, 4 months ago

Formate in profit and loss appropriation account

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Answered by Anonymous

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P&L account is used to determine Net Profit or Net Loss of an organization for a given accounting period. P&L appropriation account is used for allocation and distribution of Net Profit among partners, reserves and dividends. P&L account is prepared by all types of businesses.

Answered by Anonymous

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