Answer Posted / s balasubramanian

Balance sheet is a financial statement containing assets
and liabilities of a company as on a particular date say
31st March. The position will differ on 1st April.

The difference between P&L A/c and Balance sheet is

P&L A/c is the working results of income and expenditure
for the one year period i.e., 1st April to 31st March,
whereas balance sheet financial position only on a
particular date.

I welcome questions in finance, accounts, financial
analysis etc., and i will try to answer the questions as
far as possible.

email: sbalu1955@yahoo.co.in

sort out the difference between service provider & service reciepient from the service tax.

2125

---

What is functional area,trading partner in sap fico

2190

---

what is dividend? how do the use an accountancy?

2074

---

What are direct income and indirect income

2092

---

Explain why retained earnings have an opportunity cost associated?

3529

---

pls send me capital iq quition paper pls, ihave 2mr interview thanks

2336

---

Is WCT paid to be considered as overhead during costing in construction firm?

2057

---

Assets are held in the Business for the purpose of____________________

2288

---

What is Compliance?

2190

---

what is the core accounts

2294

---

How the sub ledgers(AP, AR) integrate with GL liability and receivable

2084

---

what is Ratio Analysis ?

2390

---

what are the new rules of central excise ?

1949

---

cash sales and credit sales both are asset or liability?

1493

---

What is the Finalization of Accounts?

2323

---