What are all the items come under P&L and Balance sheet?
- 14 Answers
- 52665 Views
- EF, TCS, Wipro, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / deepa
P&L items are Indirect expense and Indirect incomes.
Balance Sheet items are Assets & Liabilities
| Is This Answer Correct ? | 221 Yes | 20 No |
Answer / vinotha.v
ALL EXPENDITURE & LOSS, ALL INCOME & GAIN. THIS ITEM COMES
TO PROFIT & LOSS A/C.
ALL ASSETS & LIABLITIES COMES TO BALANCE SHEET.
OUTSTNDING COMES UNDER P & L A/C AND B/S.
| Is This Answer Correct ? | 140 Yes | 26 No |
Gross profit or loss transfered from trading
account.management ,office,administrative expenses,selling
and distribution expenses,financial expenses,commision
received,discount earned,interst received,rent
received,these are included in p&L a/c .if profit is more
expenses is less is called net profit.if profit is less
expense is more is called net loss.net profit or net loss
transffered to balance sheet.Balance sheet it includes share
capital,sundry creditors,bills payble,debentures,loans
advance ,cash in hand,b.o.d,longterm loans.goodwill,building
,investment,palnt &machinery,vehicle,furniture
&fixtures,loose tools,copy rights,land &buildings,sundry
debtors,bills receivable,cash at bank,closing stock .
| Is This Answer Correct ? | 75 Yes | 5 No |
Answer / v
All revenue nature items will come under Profit & loss
account. All capital nature will come under Balancesheet.
| Is This Answer Correct ? | 76 Yes | 21 No |
Answer / satheesh sivarajan
Profit & Loss A/c. includes all revenue reciepts and
expenditures. Where as Balance Sheet contains the captial
Reciepts & Expenditures.
Under the mercantile system, all the oustandings & accruals
shall be taken in the P & L a/c. and B/S.
| Is This Answer Correct ? | 48 Yes | 9 No |
Answer / jeredine
Gross profit or loss transfered from trading
account.management ,office,administrative expenses,selling
and distribution expenses,financial expenses,commision
received,discount earned,interst received,rent
received,these are included in p&L a/c .if profit is more
expenses is less is called net profit.if profit is less
expense is more is called net loss.net profit or net loss
transffered to balance sheet.Balance sheet it includes share
capital,sundry creditors,bills payble,debentures,loans
advance ,cash in hand,b.o.d,longterm loans.goodwill,building
,investment,palnt &machinery,vehicle,furniture
&fixtures,loose tools,copy rights,land &buildings,sundry
debtors,bills receivable,cash at bank,closing stock .
| Is This Answer Correct ? | 35 Yes | 3 No |
Answer / rijul
Profit & Loss includes Indirect expenses (also Including
partners salary,int. on capital etc.),indirect incomes &
Greoos profit/Loss (If Any)
Balance Sheet: Liability+Capital=Asset
| Is This Answer Correct ? | 34 Yes | 6 No |
Answer / sayed ekramuddin
All Incomes ( Cash or Credit ) and All Expenses come under
P & L.
Assets,Liablities & Owners Equity Come Under Balance Sheet.
| Is This Answer Correct ? | 32 Yes | 5 No |
Answer / m.arvindakshan
Gross profit or loss transfered from trading
account.management ,office,administrative expenses,selling
and distribution expenses,financial expenses,commision
received,discount earned,interst received,rent
received,these are included in p&L a/c .if profit is more
expenses is less is called net profit.if profit is less
expense is more is called net loss.net profit or net loss
transffered to balance sheet.Balance sheet it includes share
capital,sundry creditors,bills payble,debentures,loans
advance ,cash in hand,b.o.d,longterm loans.goodwill,building
,investment,palnt &machinery,vehicle,furniture
&fixtures,loose tools,copy rights,land &buildings,sundry
debtors,bills receivable,cash at bank,closing stock .
| Is This Answer Correct ? | 22 Yes | 4 No |
Answer / anand iyer
Gross profit or loss transfered from trading
account.management ,office,administrative expenses,selling
and distribution expenses,financial expenses,commision
received,discount earned,interst received,rent
received,these are included in p&L a/c .if profit is more
expenses is less is called net profit.if profit is less
expense is more is called net loss.net profit or net loss
transffered to balance sheet.Balance sheet it includes share
capital,sundry creditors,bills payble,debentures,loans
advance ,cash in hand,b.o.d,longterm loans.goodwill,building
,investment,palnt &machinery,vehicle,furniture
&fixtures,loose tools,copy rights,land &buildings,sundry
debtors,bills receivable,cash at bank,closing stock .
| Is This Answer Correct ? | 17 Yes | 5 No |
What is the definition of LOSS. Give the formula if any.
investment banking
2 Answers Capital IQ, RRDonnelley, Wipro,
is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?
I am Lavanya i have been selected in HR round in HP INVENT and i have Operation round as next round may i know what will they ask here and after this what is the next round?????
how do you calculates closing stock in Trading A/c
What is deffered income
Can u please give me example of bonds? is National savings certificate a Bond?
what is investment banking
0 Answers RBI, State Bank Of India SBI,
What is accrual basis of accounting
A CAR GIVES 100 KLIO METERS OF TO
How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer
what is depreciation?
Audit 
