Answer / harshita

balance sheet is a stock concept AND profit and loss account is a flow concept.

Answer / anjana

1.P&L a/c is prepared to know the NET RESULT of business at the end of accounting year. It is a nominal account.
2.Balance sheet is a statement of assets & liabilities of a business with a view to ascertain the financial position of a business as on a particular date.

Answer / binay shrestha

Heads which are transfer to Balance sheet do not lose their identity and become the opening balances for coming year, whereas, those accounts head which are transfer to the profit loss account are cease to exist.

hello, i am going to face interview for the post of assistant professor (management)in a university in a couple of days plaease suggest questions and answers foe the same.

0 Answers  

---

What is dummy account? Is there any difference between dummy account and suspense account?

5 Answers  

---

what is meant by SBA ( savings bank account) & FD (fixed deposit)?

5 Answers   Karnataka Bank,

---

What are the different policies of RRBs?

0 Answers   IBPS, RBI, State Bank Of India SBI,

---

Walk me through a DCF…

0 Answers  

---

What is typically higher the cost of debt or the cost of equity?

0 Answers  

---

What is wma and what does it signifies?

0 Answers  

---

What is meant by company Deposits?

3 Answers  

---

share holdersfund

14 Answers   FactSet Systems,

---

What is Working Capital Management ?

2 Answers   McDonalds,

---

What Do You Know About the Term at Par in Issuance Shares?

0 Answers   Joint Stock Company,

---

What is the Risk of investment?

1 Answers   HCL,

---