Accountancy, asked by js1126570, 9 months ago

write the difference between profit and loss account and profit loss approbation account

Answers

Answered by trishna015
1

Explanation:

Profit and loss account is a statement that shows the quantum of surplus funds available to thr entity at the end of a financial period. Whereas profit and loss appropriation account gives you details about how the surplus that is shown in the profit and loss account is going to be spent.

Hope you like it

Similar questions