Is profit & loss account assets or liability?

Answer Posted / rahul

Profit & loss account is Liabilities.

Is This Answer Correct ?    7 Yes 8 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the uses of journal in accounting?

649


HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.

1524


Write about the media role in daily life

1664


Tell me do you possess any knowledge about accounting standards?

597


what is the amount withdrawlfrom other cbs branch by multicity chequ book.

1416






journal entry for prepaid insurance and salary outstanding

1143


What are the accounting entries for branch accounts?

623


Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?

1625


How Many Accounting Principale

1342


What is the provision? What is the entry for provision?

595


what do you mean byrecoupment of shortworkings in royalty accounts

3326


What is the tds effect in balance sheet if tds receipts?

686


What are accounting rules called?

655


What is the networth percentage observe by banks

1584


What is vendor?

672