Interested to Buy Any Domain ? << Click Here >> for more details...
Why Net Result Of The Business Called Profit And Loss A/c
Why Not Profit Or Loss A/c?
- 2 Answers
- 4586 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
Give some questiong with anser with are usally ask to the interviewer in interview. Please give answer with detail.
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT
What is COVER payment?
what is the script forms standard text in fico
Explain about Fixed capital
what are the new rules of central excise ?
what is dividend? how do the use an accountancy?
what is contigent liabilities? whats it status in balance sheet?
If someone knows about the test pattern of Junior executive accounts than please share.
what do you meant auction? what is F & o segment?
what is portfolio Saint?
Expand---------BPCD
Clasify capital
