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  

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PURCHASE AN OFFICE BUILDING FOR RS 1,50,000 IN CASH. THE BUILDING IS VALUED AT RS 1,10,000 AND REMINDER OF THE VALUE IS ASSIGNED TO LAND. WHAT WILL BE THE JOURNAL ENTRY

4 Answers   Chartered Accountant,

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Please let me know Under head of Sales Advance?

0 Answers  

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What determines Capital flow across the countries?

1 Answers   Wipro,

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what is Vat c-4 form why using

9 Answers   ABC,

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If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes

0 Answers   ONGC,

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if my salary is 12000 per month how much i will get after deducting PF an ESI

0 Answers  

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WHAT IS DIFFERNCE BETWEEN CREDIT & DEBIT

4 Answers  

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how will calculate gratuity.

3 Answers  

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what is mean by sample account and data transfer rule in SAP FI?

0 Answers  

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In which ways is math used in accounting

0 Answers  

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BRS

2 Answers   Akzonobel, BEL, Chartered Accountant,

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