We may get profit or loss from business. If so we can name
the statement as Profit or Loss account. But since a long
time we are naming it as Profit and Loss account. Why?
- 1 Answers
- 2571 Views
- I also Faced
- E-Mail Answers
Answer / guest
we write profit and loss because to calculate profit we
need to findout both profit and loss then only we will be
able to come at one conclusion that the business is in
profit or loss
| Is This Answer Correct ? | 0 Yes | 0 No |
hai! i am a BE(computer science) graduate with 54% of aggregate looking for bank clerk job? in interview they are asking why are you looking for a bank job and what guareente that once you are selected ? plz guide me?
In which we will use Annuity depreciation method?
Tell me how many types of business transactions are there in accounting?
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
in tally how to enter cheque receipts and cheque payments
i want to wearies heads under direct expenses and indirect expenses
When we paid tds on rent how will journal entry will come and how to enter in tally software?
What was your average accounts receivable days outstanding/days sales outstanding?
I would like to know about advance payments to creditor & advance received from debtors in Tally ERP 9. For example, what are the ledgers should I create & what are the steps ? And please inform me what vouchers should I use for advances, for example ( payments, receipts and journal). Thank you.
Paid Transportation Which type of expenses these expenses
what is form H
how to value stock?
Audit 
