Answer / madhulika2011

income statement is a financial statement of company that shows how the revenue of company transformed into income(net income).

What are Accounting Standards

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A company maintains a margin of safety of 25% on its current sales and earns a profit of Rs. 30 lakhs per annum. If the company has a profit volume (P/V) ratio of 40%, its current sales amount to A. Rs. 200 lakhs; B. Rs. 300 lakhs; C. Rs. 325 lakhs; D. None of the above.

1 Answers  

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Please do tell me about the questions which are asked at BACS FINAL ROUND.

0 Answers   BA Continnum Solutions, Bank Of America,

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What is a Balance Sheet & Profit & Loss Account?

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What is a rolling settlement?

1 Answers   Mellon,

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Expand---------MRTD

2 Answers  

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Purchase book is a ----------journal

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EXPAND___________LST

1 Answers  

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expand D I N

4 Answers  

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Why we Add the net profit in the balance sheet ? Why we shows profit in the liability side of the balance sheet?

12 Answers  

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what is the difference between capital income and capital receipt?

1 Answers   Reliance,

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1.how can carry forward the balance of ledgers to the next financial year in tally erp 9

0 Answers   Hyson Motors,

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