Interested to Buy Any Domain ? << Click Here >> for more details...
What are all the items come under P&L and Balance sheet?
- 14 Answers
- 57621 Views
- EF, TCS, Wipro, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / muhammad yousuf
The Balance Sheet tells you what a company owns, and how much money it owes to others. When examining a balance sheet, the three most important items are “Total Assets,” “Total Liabilities,” and “Shareholders’ Equity.” A quick summary:
Total Assets: This is the total value of everything a company owns, from factories and trucks, to inventory, right down to the pens and pencils in employees’ desks.
Total Liabilities: This is the total amount of money that the company owes to other people (or companies). Loans owed to the bank, bonds issued to investors, payments owed to suppliers, and taxes owed to the government are all liabilities that show up here.
Shareholders’ Equity: Take everything the company owns (Total Assets), subtract everything the company owes to others (Total Liabilities), and what’s left over is shareholders’ equity – the value of the owners’ stake in the company.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / rishi chaudhary
All indirect expenses, loss and gains, incomes subtract from the gross profit, so gross profit also a part of P&L account.
In the balance sheet all tangible and intangible assets and liabilities comes.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / md anas ahmed
P&L items are Indirect expense and Indirect incomes.
Balance Sheet items are Assets & Liabilities
Under the mercantile system, all the oustandings & accruals
shall be taken in the P & L a/c. and B/S.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / pooja gupta
balance sheet only includes items which are of personal and real nature.......
| Is This Answer Correct ? | 1 Yes | 0 No |
what is accrual income ?
15 Answers Capital IQ, Cognizant, Genpact,
Has anybody who got shortlisted for Syndicate Interview got the mail from syndicate bank specifying the interview date?
Are you sure MBA Finance Demand in market if yes why and if you study a distance couse so my question is destance education is a valed for big company and small company
What is Liquidity
what is cnc machine hour rate? how it is calculated?
interest paid to bank for journel entry
16 Answers Bhoruka Aluminium, Genpact,
which is the combine entry in ERP?
i am new to Tally ERP 9. i have a problem facing the negative stock balances for few items. now i want to know, how do i write-off/adjust in Tally and make them NULL/Zero as at 31/12/2011, so that they don;t appear as 'negative' as the opening bal. from 1/1/2012..i have used the physical stock entry screen for the differences stock items. but for those item whose balances is simply Negative appearing from previous years for may be several reasons, how to deal with those? thanks in advance for any help..
Breif notes about accounting standards
what are Equity shares,Preference shares,Bonus shares,Bond,Debentures,Dividend?
What is Capital redumtion Reserve ( CRR )?
what are the Bank Vouchers?how it is entered in books of accounts?
Audit 
