what is the difference between cash flow and profit and
loss account?
Answer Posted / mohammedghousemohiuddin
CASH FLOW
only teh actual cash received or spent will be entered.
credit transactions will be ignored.
PROFIT AND LOSS A/c
It is more of accrual basis, all transactions that are
happening in that accounting period will be entered
| Is This Answer Correct ? | 6 Yes | 2 No |
Post New Answer View All Answers
Took goods from the shop for use at home. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet
Short Answer on _______Appropriation
What is the relationship between, issued share capital, share premium and paid up capital?
An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?
I want to know that if i get call from Mumbai Circle in SBI. what does it mean where will be my posting and my job profile, will i get accomodation from bank or not.
What is corporate restructuring?
What are the question asked for accounts associate
what is mean by provision ? give me examples ..
what is purchase consideration? How does it come about and how is it treated in the books?
what is non stock?
please send me some previous sbi clerical interview questions to my email id....
Breif notes about accounting standards
what is the uniform public construction cost accounting act?
Why you want to leave your present job while they offer you with good offer?