what is the difference betwen p & l a\c and income &
expenditure statement
- 3 Answers
- 5715 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / abdul bari
P&L A/C is prepared by trading companies, where as income &
expenditure statement is created by Non- trading companies
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Expand-------ANTS
What is the treatment of Capital Work in Progress as per the International Accounting Standards.
What is the quality of the accountant & rights ? hansika.kk@gmail.com
what is capital market and money market? what is primary market and secondary market?
ACCOUNTING CONCEPTS AND CONVENTIONS
What are motive behind mergers And acquisitions?
what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
What is communicating
Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry
All shot cut key use in the tally software & it's uses
Up to what time we can show TDS Receivables under Advance Income Tax A/c?
My BASIC Salary is 18,000
what is finance what is bpo why do u want join a BPO types of process in BPO Company's
Why in partnership fundamental question will add Partnership salary for the year and per month salry add in the cr. Side of the p/l app a/c
