Question

Two differences betweeb p & l appropriation a/c and p & l adjustment a /c

Answer 1

Answer:

Difference between p la c and p/l Appropriation

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.

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