Why Net Result Of The Business Called Profit And Loss A/c
Why Not Profit Or Loss A/c?
- 2 Answers
- 3544 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kulad hanif
Because in P & L A/C all itmes do not have loss and all itmes do not have profit. All itmes are mixed in a single statement, that is the reason it is called as P&L A/C and not P or L A/C.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / abinaya jaisankar
Because the business always carries profit and loss
figures, whatever may be net result
| Is This Answer Correct ? | 2 Yes | 3 No |
company accounts & final accounts?
Expand ------SFO
what is sales life cycle???
WHAT IS RATE OF INCOME TAX FOR THE ASS.YEAR 2009-2010?
what is the difference between hirepurchase and lease?
Debut increases,Credit decreases in-------------- Credit increases, debit decreases in-------------
How to calculate the closing stock value ?
What will be the position of the owener of the company?If the company liablites are more than company assets . a. solvent b. insolvent c. profitable d. liquidity
20 Answers AIG, Deloitte, IBM, Infosys, LIC, Progressive, SVPL, TCS,
what is the jornal entry for repairs
Which accounting systems are you familiar with?
how to pass journal entry for vat paid in tally?
What is Split And buy-back?
Audit 
