What are all the items come under P&L and Balance sheet?
Answer Posted / m.arvindakshan
Gross profit or loss transfered from trading
account.management ,office,administrative expenses,selling
and distribution expenses,financial expenses,commision
received,discount earned,interst received,rent
received,these are included in p&L a/c .if profit is more
expenses is less is called net profit.if profit is less
expense is more is called net loss.net profit or net loss
transffered to balance sheet.Balance sheet it includes share
capital,sundry creditors,bills payble,debentures,loans
advance ,cash in hand,b.o.d,longterm loans.goodwill,building
,investment,palnt &machinery,vehicle,furniture
&fixtures,loose tools,copy rights,land &buildings,sundry
debtors,bills receivable,cash at bank,closing stock .
Is This Answer Correct ? | 22 Yes | 4 No |
Post New Answer View All Answers
Explain valuation methods of Normal and Abnormal loss
Queries for Big4 Articleship : Whether son of CA in practice effects chances.
Expand-------ATBN
how there prepare bank interview
why you want to join the banking and finance industry?
if sale aganst c form interstate sale.when i file the return party not give me c form then give by our company wich type panelty give me detail?
1. Cold Ice, Inc. sells ice cream sells for $2 each. The variable costs per ice cream are $1 and the fixed overheard costs are $ 0.35. A summer camp wants to place a one-time order for 100 cone of ice cream at a price of $ 1.25 each. What is the minimum price hot dogs should be charge for this special order?
Short Answer on ________Accounts Payables
WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?
Define The Term Journal And Explain The Present Day Use?
what is assessment? how many types of assessment will be there? and what is the documents and preparations for sales tax, service tax assessments??
How can a company reduce profit
outstanding expenses, prepaid or unexpired expenses
What is cash clearing account
Feature of Master letter of credit of Garments manufacturing company?