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What are all the items come under P&L and Balance sheet?
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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 |
debentures
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