Answer / ravi t

Profit & Loss Account is neither asset nor liability. It is
a nominal account. The Profit or Loss is adjusted in the
Balance sheet while calculating Net worth.

Answer / rahul

Profit & loss account is Liabilities.

What is mean by assets

2 Answers  

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what is the difference between 'quotation' and 'proforma invoice'?

2 Answers  

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If We Paid 15000/- For Advertising Exp To XYZ Co,What IS The Entry And In which Ledger It Entered? Is It Necessanry To Make 2nd Entry? Plz Discribe All.

3 Answers  

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I have faced so many interview in top compinies and I have been asked, why are looking for change or why you want to leave your current employer or give the reason to leave the current company. So could you please advice what should be answer on these question, as i have been rejected so many time due these question.

4 Answers   Accenture, CIO Review,

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Mention the types of accounts involved in double entry book-keeping?

0 Answers  

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I want to see company ROC no can you please tell me where it should be mentioned.

1 Answers  

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whah is price earning formula?

9 Answers   FactSet Systems,

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Please explain subcontracting accounting entries in SAP with realtime example and amount.

1 Answers   IBM,

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Hi wht r da questions which are mostly asked in an Accounts related job for freshers?

0 Answers  

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When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock

0 Answers   Abradant International,

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what is the main defference between cash flow and funds flow

2 Answers   Chartered Accountant,

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discuss accounting concepts and convention you know, laying emphasis on each of their limitations {20 pages}

1 Answers  

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