what is the diffrent between income statement and
balancesheet
Answer Posted / satyaki_raju@yahoo.com
Income statement help us to know the net result of the
business.
Balance sheet help us to know the fiancial position of
business at agiven period
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry
The Analysis of flow of funds through an organization can be very useful to the managment. Elucidate
Is commodities transaction tax a permissible business expenditure? Explain
What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
Short Answer on _________Business
How do you handle lack of direction or working in chaos
Indian Iran Gas pipeline
How can i prepare MIS report for Finance?
What are motive behind mergers And acquisitions?
plz tell me the finance questions asked in hsbc latest question asked in hsbc?
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times
Define Payee
What is the process of VAT & CST Registration?