Answer Posted / bichitra
Profit & loss account is pepare for find out the net
profit/Loss for the period whereas Balance sheet is pepared
for find out the financial position of business on a
spesific date
Profit & loss account is pepared by taking closeing
balances from nominal account whereas balance sheet is
prepare only takeing balances of other than nominal account
like personal & real.
Is This Answer Correct ? | 49 Yes | 7 No |
Post New Answer View All Answers
How Will You Decide The Residential Status Of An Individual?
Would you bribe a policeman in order to save time as you have an important interview that day?
Tell about fiscal policy?
How will you find out the misappropriation in accounts?
What is working capital and how is it calculated?
What do you mean by term 'Loan Maturity' and 'Yield'?
Do you know capital of various countries of the world?
What is inventory/stock turnover ratio?
What are the strategies used to implement stop loss?
What is 'corporation tax'?
What is operating ratio? What does it indicate?
What do you understand by overdraft?
What is capital structure?
What are things that affect the health of a stock portfolio?
common questions asked at the time of interviews in industry n banks