Interested to Buy Any Domain ? << Click Here >> for more details...
Who prepare income and expenditure account and for what?
- 9 Answers
- 31676 Views
- Scope International, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / a.madhu sudhan rao
Income & Expenditure account prepared by the Non Profit
Organisations like Hospitals, Schools , Colleges , Trusts ,
SOcieties
This Organisations prepare Receipts & Payments and Income
and Expenditure because their main objective is Services to
People not for Profit
| Is This Answer Correct ? | 89 Yes | 8 No |
Answer / karthik
Income and expenditure a/c is prepared by a Non-Profit-
organisation to know how much they spends and earns for the
particualar year of p'cular organisation.
ex: Hopitals, Schools, colleges.cetc
| Is This Answer Correct ? | 32 Yes | 3 No |
Answer / b.narasimha rao
INCOME AND EXPENDITURE ACCOUNTS PREPARED BY THE ACCOUNTANT.
TO KNOW THE HOW MUCH INCOME EARNED BY THE COMPANY DURING
THE ACCOUNTING PERIOD. THIS ACCOUNT USE FOR PLAN THE INCOME
IS INCREASE AND EXPENSES ARE DECREASE
| Is This Answer Correct ? | 26 Yes | 16 No |
Answer / nalini reddy
1)"income is the sum of all the wages, salaries, profits,
interests payments, rents and other forms of earnings
received... in a given period of time.'' For firms, income
generally refers to net-profit: what remains of revenue
after expenses have been subtracted.
2)Capital expenditures (CAPEX or capex) are expenditures
creating future benefits. A capital expenditure is incurred
when a business spends money either to buy fixed assets or
to add to the value of an existing fixed asset with a
useful life that extends beyond the taxable year.
And prepared by Accounts department.
| Is This Answer Correct ? | 13 Yes | 4 No |
Answer / birendra kr tiwari
income and expenditre accouts is prepared by not-profit organisation becuse they work for social servies
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / manipriya
income and expenditure account is prepared by adopting accrual principle of accounting..
| Is This Answer Correct ? | 0 Yes | 1 No |
EXPAND______________IGNOU
What Does Suspense Account Mean?
13 Answers Capital IQ, Talk Delta,
What elements of your job do you find most difficult
EXPAND___________LNG
what are the type of cash flows?
what is Exposure ?
which is coming under indirect expenses
after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.
Distinguish between sale and consignment
what are Miscellaneous expenses? where it posted ?give with example and why it is call miscellaneous expenses
sir, how to passes opening stock entry in tally9 when i pass entry purchases
Please send me full details of MIS report how to prepare which item to be consider in MIS report? 2) full details of Esic, PF and Fbt and maharashtra labour welfare fund
Audit 
