why we use the term profit and loss account instead of
profit or loss account
Answer Posted / subramanyam
becase we are preparing p\l a\c so there is a chance get to
loss to get profit in trading a\c there is a chance to loss
in p\l a\c
| Is This Answer Correct ? | 0 Yes | 9 No |
Post New Answer View All Answers
ACCOUNTING CONCEPTS AND CONVENTIONS
What three Specific Job Positions do you target from the Industry
Hi friends ineed finacial analyst interview question Pls share it
what is Contra Asset?
HOW TO MAINTAIN BANK A/C
how to maintain stock if any entry mismatch pllzz tell me short cut
While posting of FB50 entry therE showing errro msg " NOT ASSIGN COMPANY CODE OR CALCULATION PROCEDURE"
3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
What are motive behind mergers And acquisitions?
Can I check my Vantage credit score range online?
How can we calculate the total income of the company.
institutional investors?
How will be prepare invoice in tally, please tell me step by step
what is a reducing balance method and depreciation fund investment method and 2 diffrences?
What is ABC Analysis in industrial function. hw can it s maintain ?