Why do call p&la/cas a P&l a/c ?, why not P{or}L a/c
Answer Posted / deepak mistry
at the time of drafting P&L a/c we are not in knowledge
that wheather at the end of accounting year there is loss
or profit with certainity. there may be loss or profit at
the end of A.Y
| Is This Answer Correct ? | 2 Yes | 4 No |
Post New Answer View All Answers
How goodwill is accounted for the first time in a company .
difference betwwen the 4.6 & 4.7 ecc versions
which kind of expenses or Income will come under direct expenses or Income ?
What Is Depreciation, and from which date do we charge Depreciation for an asset ?
you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.
Expand RMP
What is Accounting on Computers
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
what is the difference between accounts manager and finance manager?
how can make configration related with electronic bank statment and how can i upload bank statment to system
Expand---------MNOP
Is TDS applicable to Voice Over IP(VOIP) service to an India VOIP service provider? please provide the related acts and case studies.
what do you mean by financial analysis and technical analysis ?
what are the type of cash flows?
what is the reason for balance sheet not getting tallyed