what is the difference between cash flow and profit and
loss account?

Answer Posted / arun

Cash flow consists of only cash transactions both received and payments made of capital and revenue in nature whereas P&L a/c shows the expenses and incomes of revenue in nature, it includes accrued expenses and incomes as to find the profit or loss for that accounting year.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the Formula For Return on Working Capital

1726


which name written in Tan application form Applicant is sole proprieter companies name or individual name?

1473


Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com

1972


how standard costing techniques are applied in manufacturing sectors

1730


During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?

1506






Define capital

2617


Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex

1725


what are the content of purchase order?

1634


where does the closing stock appears in the trial balance?

1510


Ram, the proprietor brought additional capital of Rs 75000/- by pledging his wifes gold.pass entry

1777


Please share different type of Z report

931


What Kind Of Requirements for Vat Refund And Assessment Cases

1331


Is interest of a business unit Operating Expense or Non Operating Expense

1486


what is the scenario of multi-org setup?

1697


loss of pay for a employee when he is not having single leave bal. in his account that time what is the calculation 2) what exactly the days to be considered i.e. 26 days or 27 days i.e. to arrive at salary per day what exactly the days to be divid

1626