what is the difference between cash flow and profit and
loss account?
- 7 Answers
- 19723 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / rohit
cash flow shows only trasactions relating to cash wheather
of capital or revenue nature whereas p&l a/c shows all the
revenue transactions of current year wheather or not
realised in cash or not.
| Is This Answer Correct ? | 28 Yes | 8 No |
Answer / ananth
cash flow is a statement in which we enters the infow and
outflow of the cash transactions in the business. the cash
flow statement will be prepared to know liquidity position
of the business
profit & loss account is an account where the all indirect
expenses and the incomes of the business are entered and at
last we will get the net profit or net loss of the
business.
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / shaik mohammed
Cash flow statement show only the cash items that an
organisation incurrs during the business periond and non
cash expenses like depriciation, bad debts, provision for
bad etc. dont have place in cash flow.
Where as profit and loss account considers both cash as wel
as non cash expenses.
| Is This Answer Correct ? | 17 Yes | 8 No |
Answer / azam khan
The cashflow statment shows the exact position of liquidity
in a firm that how much cash is incorporated in business
and how much is expensed over various heads during fiscal
year.
while profit&loss a/c show that wheather the business is
going in prfit or loss .
| Is This Answer Correct ? | 11 Yes | 4 No |
Answer / mohammedghousemohiuddin
CASH FLOW
only teh actual cash received or spent will be entered.
credit transactions will be ignored.
PROFIT AND LOSS A/c
It is more of accrual basis, all transactions that are
happening in that accounting period will be entered
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / arun
Cash flow consists of only cash transactions both received and payments made of capital and revenue in nature whereas P&L a/c shows the expenses and incomes of revenue in nature, it includes accrued expenses and incomes as to find the profit or loss for that accounting year.
| Is This Answer Correct ? | 2 Yes | 0 No |
what is the meaning and abservation of EBITDA
How to Calculate PF with interest or without interest.
1. What is Derivative ? And types of Derivatives ? 2. What is Investment Banking ? 3. What is Capital Market ? 4. What is Sensex ? And what is Index ? 5. What is PE Ratio ? 6. What is Interest Rate Swap ? 7. What is the difference between Forex & Stock Exchange ?
Capital secure should be shown in which side of the balance sheet???
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
Difference between a Fund manager, Investment manager, Portfolio manager, Custodian manager?
1 Answers Mellon, Tech Mahindra,
lis and explain the parties involved when a cheque is issued
Expand---------GMT
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.
distinquish between liquidity ratio and asset management ratio
what diffrance between tally software and busy software?
how to see the resluts of the bank clerical exams? can someone help me on tis.. i've written oriental bank of commerce but not able to know my resluts...
0 Answers Oriental Bank Of Commerce,
Audit 
