Why Net Result Of The Business Called Profit And Loss A/c
Why Not Profit Or Loss A/c?
- 2 Answers
- 3539 Views
- I also Faced
- E-Mail Answers
Answer Posted / kulad hanif
Because in P & L A/C all itmes do not have loss and all itmes do not have profit. All itmes are mixed in a single statement, that is the reason it is called as P&L A/C and not P or L A/C.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.?
How do you handle lack of direction or working in chaos
Expand---------DEP
Expand-------URM
What is re-financing in Letter of Credit settlement
A sample book on interviews is ready for free circulation with 7 chapters i.e Journal entries helpful for various occassions,Terminology,Abbreviations,Test your terminology,Multiple answers, Fill in blanks and Income tax send your requisition for Free Book Immediately to satyaki_raju@yahoo.co.in
We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?
What Is Depreciation, and from which date do we charge Depreciation for an asset ?
Why do you want to work for us?
What are the legal entities that constitute your business? Does a legal entity have a seperate Federal Tax Id? In which country does a legal entity operate? In which currency does a legal entity operate? When does each legal entity's fiscal year begin?
If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.
What is fixed liabilities
intorduse your self ? what to say if iam fresher.
helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.
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?
