Give any two points of difference between Profit and Loss Appropriation Account and Profit and Loss Account.
Give any two points of difference between Profit and Loss Appropriation Account and Profit and Loss Account.
Anurag Pathak Changed status to publish
Answer:-
| Profit and Loss Appropriation Account | Profit & Loss Account | |
| 1 | It shows the appropriation of net profit | It shows the net profit earned or net loss incurred. |
| 2 | It starts with the net profit transferred from the Profit & Loss Account | It starts with the gross profit transferred from the Trading Account. |
Anurag Pathak Changed status to publish
