Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is the difference between balance sheet and profit and
loss account?

Answer Posted / devendra bhandari

Balance sheet shows the financialposition of the company as
on date.

Profit & loss account is for a period and can show the
actual position of our business - where we are.

Is This Answer Correct ?    8 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand---------PCDB

2132


What are Corporate Action?

2760


what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching

1958


commisiion recieved journal entry and receipt required

1483


Expand-------SNAT

2008


would gross expenditure vouch the correctness or otherwise of the given expenses?

2105


what is pre settlements and post settlements in Derivatives?

2160


Anyone whose sbi interview has been over , please share all the question asked by them

1980


Explain about Fixed capital

2087


I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?

2065


What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.

2275


Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector

1673


WHAT IS THE PROFILE OF FINANCE EXECUTIVE IN TEXTILE INDUSTRY

2093


Short Answer on _________Commerce

1866


how we will prepare n file income tax returns for individuals?explain

2203