why is it called profit and loss account why not profit or
loss account, ( u either get profit or loss )
Answer Posted / c a indudhara
It is called as "Profit and loss"not "profit or loss" why because.
Profit and loss account contains both profit from some operations and loss from some operation ex: profit on sale of asset and loss on sale of investments
As this statement contains both the thing, so it is called as Profit and Loss account
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
credit card entry in tally
What are the stages involved while preparing business blue print with examples?
what is meant by cash purchase?
Expand-----RTD
Hi frnds, can any one tell me how much funds has to be there to convince financially sound during the visa interview and what supporting documents has to be produced. What is backlogs means.....hope the best known will answer.
What is share,Bond, sharecapital, Budgeting, BRS, CA, CL, WC, WACC, Depreciation, types of Depreciation, B/S, CF items and some transactions and Preference Share capital, Equity Share Capital , Debenture and practicle Questions to solve and tell there itself whether the co's good for investing etc..like opinion for problems to find out how good one is with basics.
What are Corporate Action?
Can anyone plz. tell me where can i get the proforma application for DAO.I have tried all the links but i couldn't find any application proforma in the notifications.
Define capital
EXPAND_________SDJMC
what you mean by cross dunning
what is meant by virus
Hello to every body ... Its not its not a interview question In accounting field can we make Money ?
I want to know that if i get call from Mumbai Circle in SBI. what does it mean where will be my posting and my job profile, will i get accomodation from bank or not.
Expand--------TAO