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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.

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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?

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