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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2782)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
What are all the items come under P&L and Balance sheet?
 Question Submitted By :: Karthikraman
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What are all the items come under P&L and Balance sheet?
Answer
# 1
P&L items are Indirect expense and Indirect incomes.
Balance Sheet items are Assets & Liabilities
 
Is This Answer Correct ?    193 Yes 17 No
Deepa
 
  Re: What are all the items come under P&L and Balance sheet?
Answer
# 2
ALL EXPENDITURE & LOSS, ALL INCOME & GAIN. THIS ITEM COMES
TO PROFIT & LOSS A/C.

ALL ASSETS & LIABLITIES COMES TO BALANCE SHEET.

OUTSTNDING COMES UNDER P & L A/C AND B/S.
 
Is This Answer Correct ?    123 Yes 21 No
Vinotha.v
 
 
 
  Re: What are all the items come under P&L and Balance sheet?
Answer
# 3
All revenue nature items will come under Profit & loss
account. All capital nature will come under Balancesheet.
 
Is This Answer Correct ?    69 Yes 18 No
V
 
  Re: What are all the items come under P&L and Balance sheet?
Answer
# 4
Gross profit or loss transfered from trading
account.management ,office,administrative expenses,selling
and distribution expenses,financial expenses,commision
received,discount earned,interst received,rent
received,these are included in p&L a/c .if profit is more
expenses is less is called net profit.if profit is less
expense is more is called net loss.net profit or net loss
transffered to balance sheet.Balance sheet it includes share
capital,sundry creditors,bills payble,debentures,loans
advance ,cash in hand,b.o.d,longterm loans.goodwill,building
,investment,palnt &machinery,vehicle,furniture
&fixtures,loose tools,copy rights,land &buildings,sundry
debtors,bills receivable,cash at bank,closing stock .
 
Is This Answer Correct ?    70 Yes 5 No
Dinesha R
 
  Re: What are all the items come under P&L and Balance sheet?
Answer
# 5
Profit & Loss A/c. includes all revenue reciepts and
expenditures. Where as Balance Sheet contains the captial
Reciepts & Expenditures.

Under the mercantile system, all the oustandings & accruals
shall be taken in the P & L a/c. and B/S.
 
Is This Answer Correct ?    42 Yes 8 No
Satheesh Sivarajan
 
  Re: What are all the items come under P&L and Balance sheet?
Answer
# 6
Gross profit or loss transfered from trading
account.management ,office,administrative expenses,selling
and distribution expenses,financial expenses,commision
received,discount earned,interst received,rent
received,these are included in p&L a/c .if profit is more
expenses is less is called net profit.if profit is less
expense is more is called net loss.net profit or net loss
transffered to balance sheet.Balance sheet it includes share
capital,sundry creditors,bills payble,debentures,loans
advance ,cash in hand,b.o.d,longterm loans.goodwill,building
,investment,palnt &machinery,vehicle,furniture
&fixtures,loose tools,copy rights,land &buildings,sundry
debtors,bills receivable,cash at bank,closing stock .
 
Is This Answer Correct ?    32 Yes 3 No
Jeredine
 
  Re: What are all the items come under P&L and Balance sheet?
Answer
# 7
Profit & Loss includes Indirect expenses (also Including
partners salary,int. on capital etc.),indirect incomes &
Greoos profit/Loss (If Any)

Balance Sheet: Liability+Capital=Asset
 
Is This Answer Correct ?    31 Yes 4 No
Rijul
 
  Re: What are all the items come under P&L and Balance sheet?
Answer
# 8
Gross profit or loss transfered from trading
account.management ,office,administrative expenses,selling
and distribution expenses,financial expenses,commision
received,discount earned,interst received,rent
received,these are included in p&L a/c .if profit is more
expenses is less is called net profit.if profit is less
expense is more is called net loss.net profit or net loss
transffered to balance sheet.Balance sheet it includes share
capital,sundry creditors,bills payble,debentures,loans
advance ,cash in hand,b.o.d,longterm loans.goodwill,building
,investment,palnt &machinery,vehicle,furniture
&fixtures,loose tools,copy rights,land &buildings,sundry
debtors,bills receivable,cash at bank,closing stock .
 
Is This Answer Correct ?    16 Yes 5 No
Anand Iyer
 
  Re: What are all the items come under P&L and Balance sheet?
Answer
# 9
All Incomes ( Cash or Credit ) and All Expenses come under
P & L.
Assets,Liablities & Owners Equity Come Under Balance Sheet.
 
Is This Answer Correct ?    25 Yes 4 No
Sayed Ekramuddin
 
  Re: What are all the items come under P&L and Balance sheet?
Answer
# 10
Gross profit or loss transfered from trading
account.management ,office,administrative expenses,selling
and distribution expenses,financial expenses,commision
received,discount earned,interst received,rent
received,these are included in p&L a/c .if profit is more
expenses is less is called net profit.if profit is less
expense is more is called net loss.net profit or net loss
transffered to balance sheet.Balance sheet it includes share
capital,sundry creditors,bills payble,debentures,loans
advance ,cash in hand,b.o.d,longterm loans.goodwill,building
,investment,palnt &machinery,vehicle,furniture
&fixtures,loose tools,copy rights,land &buildings,sundry
debtors,bills receivable,cash at bank,closing stock .
 
Is This Answer Correct ?    19 Yes 3 No
M.arvindakshan
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
I am going to attend an interview for the post of Sr. Accounts Officer in airport authority of india,pls help me to prepare for the interview L&T 2
What is meant by Kpo?If possible tell me the process too?   6
what is the meaning of capital market? Tcs 1
How many types of Purchase Orders are there ?   2
what is the difference between direct income and indirect income. pleases explain with example.   12
How to prepare a final account? Cap-Gemini 3
Can i clarify, whether VAT & Service Tax are Proffit & Loss A/c items (or) Balance Sheet Items.   8
What is the difference between Depreciation charged in P&L a/c and the Depreciation deducted from Assets' value in Balance Sheet, in an accounting period? Thomson-Reuters 2
How do you maintain TDS in the company Telco 3
Give Example for Intangible assets that is depreciable? Genpact 5
fill in the Blanks Closing balance of _________will not find place in next year books   2
New emlpoyee was joined on 15th Jan and salary paid on 28th Feb amt of Rs.20000/- and asked to give the Journal entry for the Month of Jan, Fed and March (His Monthly Salary is Rs.8000/-) ?   4
 
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