Answer / naveen kumar.karumuri

Profit and Loss is prepared for the To know the financial position of the during business of the Organisation.Whether is loss or Profit,
For Ex.Salaries paid to during the Month/Year
Administration Exp
Depreciation
---------
Income And Expenditure Accounts are prepared for Non Profit Organisation.

Ex.Charities,Subscriptions,Donations etc.

Thank You

Naveen Kumar.Karumuri
Accounts Executive

Answer / hemant

when ever the target of company to be earn the profit menas
whome the target is earn then serve we prepaired the P&L
accounts bu the when they thinks frist of all serve then
earn they prepaired income and expendutre accounts as per
accouting system
otherwise the meaning is same

WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE

0 Answers   HSBC,

---

what is the differance between bank od and bank occ?

1 Answers  

---

what do you mean by cash profit

3 Answers   Capital IQ,

---

What is the meaning of RTGS & its working ?

2 Answers  

---

CAN WE SUBMIT SERVICE TAX CHALLAN MORE THEN ONE IN A MONTH

1 Answers  

---

i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?

0 Answers  

---

what is purchase consideration?

1 Answers  

---

we had company we provide work others they deducted tds how to pass entries in my company please tell me

1 Answers  

---

how to calculate ESI,PF,PRO.TAX, INCOME TAX, VAT, T.D.S, EXCISE PLEASE SAY ANSWER IN DETAIL WITH PROPER UNDERSTANDING PLEASE SAY THROUGH WITH EXAMPLE

0 Answers  

---

I M DIVISIONAL ACCOUNTANT. POSTED IN TAMILNADU. MY NATIVE STATE IS BIHAR. I WANT TO KNOW, WHAT R THE RULES OF CADRE TRANSFER. I M FACEING HERE SOME PROBLEMS

1 Answers  

---

What are time sheets? How are they maintained?

0 Answers  

---

If vendor is deducting TDS amt while paying, how to pass entry inbooks. Will it be TDS recoverable/TDS payable a/c. kindly clarify

3 Answers  

---