Do all forms of business organisations prepare a Profit and Loss Appropriation Account? Post category:Accountancy Reading time:1 mins read SOLUTION No, there is no need to prepare Profit & Loss Appropriation A/c in case of sole proprietorship concerns. It is prepared in case of partnership firms. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostGive one point of difference between Profit and Loss Account and Profit and Loss Appropriation Account. Next PostWhy is Profit and Loss Appropriation Account prepared by a Partnership Firm? You Might Also Like What is meant by issue of shares for consideration other than cash? September 28, 2022 Rajan Ltd. purchased assets from Geeta & Co. for Rs. 5,00,000. A sum of Rs. 1,00,000 was paid by means of a bank draft and for the balance due Rajan Ltd. issued equity Shares of Rs. 10 each at a premium of 25%. journalise the above transactions in the books of the company. July 14, 2022 From the following information, calculate Return on Investment (or Return on Capital Employed): August 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Rajan Ltd. purchased assets from Geeta & Co. for Rs. 5,00,000. A sum of Rs. 1,00,000 was paid by means of a bank draft and for the balance due Rajan Ltd. issued equity Shares of Rs. 10 each at a premium of 25%. journalise the above transactions in the books of the company. July 14, 2022
From the following information, calculate Return on Investment (or Return on Capital Employed): August 18, 2022