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Charge:
1)Compulsory payment.Recorded even there is loss.
2)Entered in Profit & Loss A/C
3)Effects Net Profit.
4)Done Before All Appropriations.
5)Eg: Depreciation, Rent etc.
Appropriation:
1)Not Compulsory.Not recorded if there is loss.
2)Entered in Profit & Loss Appropriation A/C
3)Does not effect Net Profit,
4)Done after all charges
5)Eg: Salary ,Commision to Partner.
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What is profit and loss appropriation account?
its when a partnership business draws up an Appropriation Account to show how the net profit is shared out between the partners
What is the difference between profit and loss account and profit and loss appropiation account?
Profit and loss accont is used to calculate the profit or loss of business while profit and loss appropriation account is used to allocate or distribute net income or loss to share holders or different reserves account.
Is Tax provision an appropriation of profit?
Yes of course.
What is the difference between profit making accounting and not for profit making accounting?
The difference between profit making accounting and not for profit making accounting is, that question should answer itself! 8^0
What are the differences between cost volume profit analysis and break even profit analysis?
there no difference between break even profit analysis and cost volume profit analysis
Difference between provision and reserve?
Provisions are charge against profit and Reserves are appropriation of profit.
What is profit and loss appropriation account?
its when a partnership business draws up an Appropriation Account to show how the net profit is shared out between the partners
What is the difference between profit and loss account and profit and loss appropiation account?
Profit and loss accont is used to calculate the profit or loss of business while profit and loss appropriation account is used to allocate or distribute net income or loss to share holders or different reserves account.
What is difference between non profit and not for profit?
The terms nonprofit and not-for-profit are often used interchangeably, but they have distinct meanings: 1. Purpose & Operation Nonprofit organizations exist to serve a public or social cause without the goal of making profits for individuals. Any surplus funds are reinvested into the organization’s mission. Examples include charities, educational institutions, and healthcare organizations. Not-for-profit organizations are typically smaller groups that do not operate for profit but may serve a specific interest or group, like hobby clubs, sports associations, or religious organizations. 2. Financial Differences Nonprofits can receive donations, grants, and tax-exempt status (depending on the country’s regulations). Their financial activities must align with their mission. Not-for-profits can also generate revenue, but their funds are used only for the group’s operations and not for a broader public cause. 3. Tax Exemption Nonprofits (like Standard Sunrise Foundation) usually qualify for tax-exempt status under laws like the U.S. 501(c)(3). Not-for-profits may not always have tax exemptions and are subject to different regulations. 4. Employee Salaries & Structure Nonprofits often have a formal structure with paid employees. Not-for-profits are mostly volunteer-run, though they can have some paid staff. Both types aim to serve a cause rather than generate personal profit, but nonprofits focus on public benefit, while not-for-profits serve private interests.
Difference between not for profit and non profit?
No difference.
What is the difference between non profit hospitals and for profit hospitals?
What is difference between trust run and for-profit hospitals
What does profit mean in math?
Profit is revenue minus costs. In merchandising, you have to pay for the items you sell, and you charge a higher amount to your customers. The difference between what you pay for them (cost) and what you get for selling them (revenue)_ is your profit. ■
Is Tax provision an appropriation of profit?
Yes of course.
What is the difference between not-profit and non-profit?
No difference. They mean the same thing.
What is the difference between not-for-profit and non-profit?
No difference. They mean the same thing.
What is the difference between non-profit and not-for-profit?
There is not difference; they mean the same thing.
Is additional capital will enter in the profit and loss appropriation account?
Additional capital is shown under capital account of balance sheet and not shown in profit and loss appropriation account.
