What is the difference between P&L account and Balance Income
& Expenditure account ??
- 3 Answers
- 5019 Views
- I also Faced
- E-Mail Answers
Answer Posted / dhanesh chandramangal
1.P & l account maintained by profit oriented compaies,
income & expenditure account is mainted by service oriented
companies[hospital, charitable society,etc]
| Is This Answer Correct ? | 11 Yes | 0 No |
Post New Answer View All Answers
Define partitioning in accounting?
what is the relationship between cost accounting financial accounting and managerial accounting?
how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
What do you debit and credit if discount allowed is underrated?
What is use of subject history in banking?
Tell me which accounting application you prefer most and why?
Mention what are things will not be included in a bank reconciliation statement?
what is debit balance report in SAP?. how do you describe DB report in brief.
how to enter the tender refund amount in tally ?
By saying, perpetual or periodic inventory system; what do we mean?
how to pass entry in tally Rs 50000 cheque paid to son by father
Explain me what is assets minus liabilities?
non cash or bank income or expense
sir i want know how to fill vat return
