Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between P/L A/c and Balance sheet?
When an adjustment account is prepared?
- 6 Answers
- 19137 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / suhasini modagi
P and L a/c is prepared to know the exp and income of the
particular yr.
where as B/s is prepared to know the financial condition or
position of the company.
B/s is follow up of p/l a/c.
| Is This Answer Correct ? | 27 Yes | 2 No |
Answer / rajesh sharma
P&L is shown the earning status the block period, while the
Balance sheet shown the position prescribed day.
| Is This Answer Correct ? | 15 Yes | 3 No |
Answer / venkat
P& L A/c Prepard for know particular period that Org Net
Profit / Net Loss
Balance Sheet Prepared for Financial Position for the Year
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / prabhat kumar pani.
P/L A/C shows the net profit or loss of a trading
organisation for an accounting period with the help of
incomes & expenditures whereas Balance sheet shows the
position of an organisation at the end of an accounting
period on the basis of asset= liabilities + capital.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / sushil kumar sharma
P/L account is the profit and loos A/c and balance sheet as
a anual economical statment it is not account
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / raja
P/L account shows net profit or loss to a concern but
balance sheet shows financial poistion of a concern when
rectification errors entry is passed adjustment account is
passed
| Is This Answer Correct ? | 3 Yes | 1 No |
Distinguish between straight line and diminishing balnce methods in calculating depreciation
How to treat the provision for bad debts which appear on credit side of the p&L A/c.
6 Answers Abhivrudhi, Capital IQ,
Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance
how will i develop my fears in interviewd?
what is the method for calculation of profitability statement?
what is the entry for accounts receivables and accounts payables? what is the entry for bills receivables and bills payables?
How to register a payment for LIC in the books of accounts as it is exempted under 80 c... Thanks
what is meant by spin off?
Take me through the entire vendor cycle.
What is the entry for payment made to the distributor after deducting TDS and adjusting the credit note raised by them. For Ex: actual amount to pay rs.1000 TDS deducted rs.200 credit note of rs.500
Anyone whose sbi interview has been over , please share all the question asked by them
how to reduce axis bank emi
Audit 
