Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference betwen p & l a\c and income &
expenditure statement
- 3 Answers
- 6802 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / srinivas annavarapu
P&L account is prepared by the firms who runs business to
make or with a motive to earn Profits.
Whereas Income & Exp statement is prepared by the non-
profit motive organisations like Orphanages or any other
service organisations.
| Is This Answer Correct ? | 34 Yes | 3 No |
Answer / ravinder.sunkara
income & expenditure statement is prepare for the service organizations
profit& loss a/c is prepare for the business organizations
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / abdul bari
P&L A/C is prepared by trading companies, where as income &
expenditure statement is created by Non- trading companies
| Is This Answer Correct ? | 2 Yes | 0 No |
accrued income
what tax will be on puchasing of sweets and is necessery to use form 38.
asked about project work done in mba
EXPAND_________VRD
what is the journal entry for accumulated depreciation
What do u mean by GDP, explain in detail?
Why do people call Genpact as Gunpat outside? What do you reply when they ask that What does Gunpat manufacture?
What is mein Capital market?
What are intangible Assets?? ASKED 12.12.2008
what is assessment? how many types of assessment will be there? and what is the documents and preparations for sales tax, service tax assessments??
Telephone expenses 4000 Show entry in expenses not payment entry
Expand---------TRSP
Audit 
