GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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08:02 Jan 29, 2022 |
Russian to English translations [PRO] Bus/Financial - Finance (general) / audit | |||||
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| Selected response from: Oleg Lozinskiy Russian Federation Local time: 15:18 | ||||
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recording and allocation of amounts in [the accounts of...] Explanation: |
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erroneous recognition and classification of amounts as.. Explanation: http https://www.iasplus.com/en/standards/ias/ias1 |
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incorrect recognition and appropriation in profit and lost report Explanation: incorrect recognition and appropriation in profit and lost report -------------------------------------------------- Note added at 1 day 21 hrs (2022-01-31 05:43:43 GMT) -------------------------------------------------- What is appropriation of profit and loss account? Meaning. Profit and Loss Appropriation Account is a nominal account prepared for the purpose of distributing profits/losses among the partners after making all the adjustments relating to Interest on Capitals, Interest on Drawings, Salary/commission to partners and transfer to Reserve -------------------------------------------------- Note added at 3 days 15 mins (2022-02-01 08:18:08 GMT) Post-grading -------------------------------------------------- What is appropriation of profit and loss account? Meaning. Profit and Loss Appropriation Account is a nominal account prepared for the purpose of distributing profits/losses among the partners after making all the adjustments relating to Interest on Capitals, Interest on Drawings, Salary/commission to partners and transfer to Reserve. |
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