Interested to Buy Any Domain ? << Click Here >> for more details...
Why Net Result Of The Business Called Profit And Loss A/c
Why Not Profit Or Loss A/c?
- 2 Answers
- 4525 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 |
what is the difference between outstanding & accrued?
where can i find the free basic tutorial for tally9.1
EXPAND_________SCB
What is Contra entry?
4) What is Journal Entry of 1) Credit Sales. 2) Credit sales with Discount. 3) Credit sales with VAT. 4) Outstanding Rent paid. 5) Credit Purchase. 6) Out standing wages paid. 7) Bank over draft 8) bank charges 9) Dishonor check
9 Answers Accenture, Genpact, Wipro,
Is closing stock will recorded in Trail balance?
why debit notes and credit notes are passed?
12 Answers IBM, TCS,
what is journal entry for bank charges
25 Answers Bhoruka Aluminium, Genpact,
EXPAND______________PDF
Expand---------MRDT
what will be the journal entry for this transaction? purchased furniture for personal use of rupees 2000. now tell me is it business transaction or a personal transaction??
what is closing stock & gross profit? purchase is 1387508 rs & sale is1311980rs
Audit 
