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 Twitter Opens in a new window Facebook Opens in a new window Google+ 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 Nipa Limited issued Rs. 10,00,000 Debentures of Rs. 100 each at a premium of 10%, payable 25% on application (including premium) and the balance on allotment. The debentures were applied for and the amount was dully received. You are required to give Journal entries and prepare Cash Book. July 16, 2022 Better Prospect Ltd. acquired land costing Rs. 1,00,000 and in payment allotted 1,000 Equity Shares of Rs. 100 each as fully paid. Further, the company issued 4,000 Equity Shares to public. The shares were payable as: Rs. 30 on application; Rs. 30 on allotment; Rs. 40 on first and final call. July 14, 2022 Stale any two situations when a firm is compulsorily dissolved. (C.B.S.E 2019, M. P.) September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Nipa Limited issued Rs. 10,00,000 Debentures of Rs. 100 each at a premium of 10%, payable 25% on application (including premium) and the balance on allotment. The debentures were applied for and the amount was dully received. You are required to give Journal entries and prepare Cash Book. July 16, 2022
Better Prospect Ltd. acquired land costing Rs. 1,00,000 and in payment allotted 1,000 Equity Shares of Rs. 100 each as fully paid. Further, the company issued 4,000 Equity Shares to public. The shares were payable as: Rs. 30 on application; Rs. 30 on allotment; Rs. 40 on first and final call. July 14, 2022
Stale any two situations when a firm is compulsorily dissolved. (C.B.S.E 2019, M. P.) September 27, 2022