why should we call profit and loss account in general we get profit either loss can we call that as profit or loss account?

1 Answers   DuPont,

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Premium collected by Insurance co. What will be all Journal entries & effect in the book of Insurance co in Transaction date & Period end date.

1 Answers  

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I am confused with Capital Account and Drawings Account. Please show me "the general Journal Entries" and "Owner's Equity in Balance Sheet". (1) The owner increased his investment in the company by $10,000. (2) The owner increased his investment in the company by $10,000.

2 Answers  

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For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?

0 Answers  

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what is the final accunt

3 Answers   Wipro,

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what is MIS report we prepare it?

7 Answers   Genpact,

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Explain the Depreciation, objectives for calculating the depreciation and various method for calculating depreciation

1 Answers  

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If a company pay salary all the employee by seprate cheque and all the employee registed in pf & esi so what is journal the journal entry in tally? and what i create all employee a/c in tally?

5 Answers   IBM,

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Sir how the enter of GST adjust of sales return

0 Answers  

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What are mis reports?

0 Answers  

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what is the loss of a company

4 Answers  

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rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.

0 Answers  

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