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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Taxation interview questions  Taxation Interview Questions (1915)
 Accounting General interview questions  Accounting General Interview Questions (2842)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
Question
What are all the items come under P&L and Balance sheet?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
P&L items are Indirect expense and Indirect incomes.
Balance Sheet items are Assets & Liabilities
 
Is This Answer Correct ?    201 Yes 18 No
Deepa
 
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 ?    125 Yes 23 No
Vinotha.v
 
 
 
Answer
# 3
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 ?    71 Yes 5 No
Dinesha R
 
Answer
# 4
All revenue nature items will come under Profit & loss
account. All capital nature will come under Balancesheet.
 
Is This Answer Correct ?    71 Yes 18 No
V
 
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
 
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
 
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
 
Answer
# 8
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
 
Answer
# 9
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 ?    20 Yes 3 No
M.arvindakshan
 
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 ?    16 Yes 5 No
Anand Iyer
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
Expand ________DGFT   1
what is Bank Reconciliation? EDS 2
WHAT IS SECONDARY TRACKING FLEX FIELD QUALIFIER AND HOW IT IS USED? Zensar 1
What is provision for depreciation? What is it entry in P&L & Balance sheet? How it is different from Depreciation expense? IBM 3
explain different reporting methods of tally.   2
How to pass journal entry for vat return entry TATA 14
Expand---------DBCE   1
WHO ARE THE PROMOTERS? India-Infoline 4
I am pursuing MBA in finance and I am having the work experience of 2 years as a customer support executive in Lg electronics. So,Please suggest me whether I can show this experience at the time of interview or not?   1
expand I R   1
BY WHOME THE BANK RECONSILIATION STATEMENT IS PREPARED Capital-IQ 44
Expand ------ALH   1
 
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