Interested to Buy Any Domain ? << Click Here >> for more details...
18) Difference between Income & Expenditure and Profit and
Loss Account?
- 4 Answers
- 22843 Views
- D-Mart, JPMorgan Chase, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / baddam.venugopalreddy
Income & Expenditure prepare non-profit organisations such
as schools and colleges trusts and where as Profit and
Loss Account prepare all other organisations ....
| Is This Answer Correct ? | 62 Yes | 14 No |
Answer / hema
income and expenditure profit and loss account
1.it is the revenue a/c of 1.it is the account of a
non trading concern. trading concern.
2.it does not start with 2.it start with the balance
any balance. of trading account.
| Is This Answer Correct ? | 32 Yes | 3 No |
Answer / rahul kanojiya
Answer
1 Income & Expenditure prepare non-profit organisations
such
as schools and colleges trusts and where as Profit and
Loss Account prepare all the a/c of the expenses and we
get net profit from the p/l a/c . ....
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / bivek shah
income is salary whereas expenditure is loss
| Is This Answer Correct ? | 1 Yes | 3 No |
expand P D F
if our balance sheet will not matching so what i do ?
2 Answers Hero Honda, Rachana Sansad,
what is the difference between direct income and indirect income. pleases explain with example.
18 Answers Deepak Enterprises, HJ, Power Packaging,
what is the defination of unit costing and process costing?
how much is the salary for a BANK PO ? how much do you get actuly in hand?
Answered but misspelled pl correct HELPS US TO KNOW THE FINANCIAL POSITION OF THE BUSINESS (ANS.EEECNALABSHT)
what is the meaning of capital market?
hi.. inthe month of june our expenses 540.petty cash replenishment we received 530. in the next month we received the balance 10 and july petty cash replenishment for 450 + 10. how to prepare jv. eg: subry expenses a/c 540 to cash 530 to ???? 10 july: sundry expenses 450 ??????????????? 10 to cash 460 pls help
WHEN CREDITORS SHOULD BE COME UNDER DEBTORS IN WHAT SITUATIONS EXPLAIN WITH EXAMPLES
What is the Difference between Real Accont and Nominal Account?
16 Answers GE, KPMG,
Received cheque Rs 250000 which is exclusive of 5% Security deposit 2.24% income tax and i% miscellaneous recovery. Pass necessary entry
closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
Audit 
