why is it called profit and loss account why not profit or
loss account, ( u either get profit or loss )
- 13 Answers
- 32622 Views
- Genpact, Symbiosis, I also Faced
- E-Mail Answers
Answer Posted / megha arora
Profit & Loss A/C shows the net profit of the
Organisation.An oraganistion earns profit for
oprating,financing&investing activities etc.May be it be
the case that there may be loss from one activity and
profit from others and vice-versa.So P&L consists of both
loss as welll as Profit.That's why known as P&L not Por L
| Is This Answer Correct ? | 159 Yes | 28 No |
Post New Answer View All Answers
EXPAND_________SEAMEC
total capital stock
Transfer nett profit of Rs 325000/- to Reserves and Surplus
Can anyone mail journal entries for me? my Mail id rukmini@live.in
Respective sir I'm bcom 1st sem student. I have very interest in banking sector. I finished my pu with 88% how I can prepare for banking exam (especially po)yet I have no any practice but I hope if I get good guidance I can pass my banking exam so kindly inform me how I can prepare for po exams. My email address is- 98anjuma@gmail.com. I'm really counting second when I will get ans by u. Thank you sir
what is dividend? how do the use an accountancy?
explain the difference between LIFO and FIFO?
Expand-------ANC
how will you create the posting periods 3 and 5 or 5and 7?
What are the accounting conventions and Practices?
how to prepare the balance sheet of private ltd. company & what roll should be play by Income tax, compnay law & accounting standard in India & world.
what is differred tax liability? explain in detail with some example.
Short Answer on _____________Revenue Budget
What do you mean by Green-shoe option?
i AM CURRENTLY DOING B.COM. i INTEND TO PURSUE MY MASTERS AT USA IN ECONOMICS AND FINANCE OR ACCOUNTING...CAN U TELL ME THE CRITERIA AND WHICH EXAM DO I NEED TO QUALIFY FOR???
