Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between P/L A/c and Balance sheet?
When an adjustment account is prepared?
- 6 Answers
- 19178 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / suhasini modagi
P and L a/c is prepared to know the exp and income of the
particular yr.
where as B/s is prepared to know the financial condition or
position of the company.
B/s is follow up of p/l a/c.
| Is This Answer Correct ? | 27 Yes | 2 No |
Answer / rajesh sharma
P&L is shown the earning status the block period, while the
Balance sheet shown the position prescribed day.
| Is This Answer Correct ? | 15 Yes | 3 No |
Answer / venkat
P& L A/c Prepard for know particular period that Org Net
Profit / Net Loss
Balance Sheet Prepared for Financial Position for the Year
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / prabhat kumar pani.
P/L A/C shows the net profit or loss of a trading
organisation for an accounting period with the help of
incomes & expenditures whereas Balance sheet shows the
position of an organisation at the end of an accounting
period on the basis of asset= liabilities + capital.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / sushil kumar sharma
P/L account is the profit and loos A/c and balance sheet as
a anual economical statment it is not account
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / raja
P/L account shows net profit or loss to a concern but
balance sheet shows financial poistion of a concern when
rectification errors entry is passed adjustment account is
passed
| Is This Answer Correct ? | 3 Yes | 1 No |
If you get excess of cash Rs. 2000/- than what actually CashA/c shows. As an account what do U do?
what is span of shares
what is gl code in sap
Will out standing expenses falls under preliminary expenses in balance sheet are not
How to get FIRC from Bank & How many days to take time inflow statments submation fo Bank?
Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?
what is the difference between charge & appropriation
what is mean for pdd,dod's and cfa in sap
What entries will be passed thru Journal Proper
Hi friends can you send me the Accounting Interview questions with a interview experienced questions please
Short Answer on ______________House Rent allowance
what is amortization or what is the use of amortization?
Audit 
