Overview
Explain the use of profit and loss appropriation Accounts. Identify items in the profit and Loss Appropriation I Accounts. Explain the following - Interim and final - dividend - reserves - Prelimina;y expenses. Prepare the profit and loss Appropriation Accounts.
What you'll learn
- Profit and loss Appropriation Account
- - Uses
- 1. Profit and loss Appropriation Account
- - Uses
- Appropriation Items
- - Amount written off
- - Good will
- -Preliminary expenses.
- - Amount transferred to reserve. Bonuses
- - D!vidends
- Preparation of profit and loss Appropriation Accounts.
- The company balance sheet.
- - Layout
- - Preparation
- - Analyzing or
- - Interpretation