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what is Penal account
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Answer / yedukonddalu
hi i think you are asking about P&L account it is nothing
but profit and loss account
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / ravi
actually this is final accounts .i guess there is spelling
mistake......final accounts prepared at the end of financial
year to know the firm performance......
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / barodianbuddy(acca)
I THINK YOU ARE ASKING ABOUT PROFIT & LOSS ACCOUNT. IT IS A STATEMENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME (IAS1). SUMMARY OF PROFIT & LOSS OF A BUSINESS AT END OF THE YEAR
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / divyagirantla1995@gmail.com
Profit and loss account is a financial statement it consiste the income and expenditure it is nominal accounting nature it is used to financial perfomance if the company
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If A invested Rs.50000/- in F.D. & After maturity he got 56500/-. He added more Rs.43500/- in it & make F.D. for Rs.100000/- how i pass this entry. still bank has not credited 56500/- to A`s Account. please answer me
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1.Closing Inventory consists of 1,100 units. What would be the cost of Closing Inventory under FIFO and LIFO methods? Opening Inventory 1000 units @ $ 10 $ 10,000 Purchase (1) 800 units @ $ 11 $ 8,800 Purchase (2) 500 units @ $ 14 $ 7,000 Purchase (3) 400 units @ $ 12 $ 4,800 Purchase (4) 300 units @ $ 13 $ 3,900 ------------ ----------- Totals 3000 units $ 34,500 ======= ======
we are going to purchase of new office. what is accounting entry for it if we made adv to party , some part payment paid to party. pls tell me & under which group ledger will come
Audit 
