Question

How do we prepare profit and loss appropriation account​

Answer 1

Answer:

P&L Appropriation Account is prepared to show how the company appropriates or distributes the profit earned during the year. It is an extension of Profit and loss a/c. It is prepared after the preparation of profit and loss a/c at the end of every financial year.

Answer 2

Answer:

Profit and Loss (P&L) Appropriation Account

P&L Appropriation Account is prepared to show how the company appropriates or distributes the profit earned during the year. It is an extension of Profit and loss a/c. It is prepared after the preparation of profit and loss a/c at the end of every financial year.

Explanation:

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