Question
It is a special account that a firm prepares to show the
distribution of profits/losses among the partners or shareholders. Name of such account is:Solution
The P & L Appropriation Account is typically used in partnership firms and limited companies to distribute the profits or losses among the partners or shareholders. It is used to record the appropriation of profits, such as dividends, interest on capital, and other profits or losses allocated to partners or shareholders.
Who received the Satyajit Ray Lifetime Achievement Award at IFFI 2024?
The second cohort of the startup labs in India has been announced in partnership with Anymind Group and T-Hub which is a three-month-long programme aims...
Urea is a —
Where does the AI supercomputer 'AIRAWAT' rank in the Top 500 Global Supercomputing List?
Which ecosystem is the only one that does NOT thrive on solar energy?
Which suite of AI tools was announced by Mukesh Ambani at Reliance Jio's 47th AGM?
Who has been appointed as the Secretary (at the Director level) of the National Jute Board in Kolkata?
The 2nd edition of joint military exercise “The Africa-India Field Training Exercise (AFINDEX-2023)” took place in?
In the context of card on file tokenization, what is the significance of a 'Tokenization Vault'?
Which product, grown in the Kishtwar area of Jammu and Kashmir, has recently received the Geographical Indication (GI) tag from the Geographical Indicat...
Relevant for Exams:
