ALLInterview.com :: Home Page KalAajKal.com
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
tip   SiteMap shows list of All Categories in this site.
Google
 
Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions
 Taxation interview questions  Taxation Interview Questions
 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
what is the difference betwen p & l a\c and income &
expenditure statement
 Question Submitted By :: Ravikumar123
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is the difference betwen p & l a\c and income & expenditure statement
Answer
# 1
P&L account is prepared by the firms who runs business to 
make or with a motive to earn Profits.

Whereas Income & Exp statement is prepared by the non-
profit motive organisations like Orphanages or any other 
service organisations.
 
Is This Answer Correct ?    20 Yes 1 No
Srinivas Annavarapu
 
  Re: what is the difference betwen p & l a\c and income & expenditure statement
Answer
# 2
income & expenditure statement is prepare for the service organizations 

profit& loss a/c is prepare for the business organizations
 
Is This Answer Correct ?    5 Yes 0 No
Ravinder.sunkara
 
 
 
  Re: what is the difference betwen p & l a\c and income & expenditure statement
Answer
# 3
P&L A/C is prepared by trading companies, where as income &
expenditure statement is created by Non- trading companies
 
Is This Answer Correct ?    0 Yes 0 No
Abdul Bari
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
How can i download International accounting Standards (IAS ) (41) from the internet in PDF format .Please can u tell me site name.  2
What are the types of leverage? Deloitte4
Expand---------ECBD  2
Why the closing stock will not appear in the Trial Balance?  2
what is profit & loss A/c? difference between income & expenditure A/c  3
what is authorised capitla and subscribed capital Capital-IQ11
wt is stock split, dividends, rights issues,mergers and acquisitions, and spinn offs? Ness-Technologies2
What is Consolidation?  5
This question was in opi final round u give a loan for your friend a 1000 rs he returns 600 rs and u have to close ur accounts what should u do to close the accounts? and what is journal entry? OPI4
Expand A T R  2
Where does TDS payable & receivable appear in the books of accounts  2
what is difference between acquitision and take over?  1
what is meant by cost accounting? How it is different from financial accounting  2
PLEASE GIVE ME THE LIST OF ACCOUNT TYPES AND THEIR HEADS RESPECTIVELY.  1
What accounting records must a company charity keep, and for how long?  2
Pls let me know how to calculate TDS n on what basis is it done  2
What is networth? Capital-IQ4
What is meant by defferred revenue expenditure Xansa10
In Accounts payable process in BPO, how is the due date calculated? It should be Invoice date+ payment terms or Receipt date of invoice + payment terms? Accenture1
what is the retainned earnings account? why are you take for the x? Deloitte3
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 
   
Copyright Policy  |  Terms of Service  |  Help  |  Site Map 1  |  Articles  |  Site Map  |   Site Map  |  Contact Us interview questions urls   External Links 
   
Copyright © 2007  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  Forum9.com   ::  KalAajKal.com