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...

why is it called profit and loss account why not profit or
loss account, ( u either get profit or loss )

Answer Posted / dayakar

As it shows profits/gains at credit side as well as expenses
or losses at debit side

Is This Answer Correct ?    11 Yes 28 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

we want all sbi previous questions papers in our e.mail krishna2043 on yahoo

2083


what are the important steps to take during the conversion of an accounting system.

1935


I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.

2014


please give the sbi bank clerk exam paper model in last five years?

2235


why you would like to work for the our(AIRLINE) Group ???

2152


types of inventory

2204


what is the system of accounting and banking in cooperative bank?

3432


Short Answer on __________Trade

1912


What is the Branch Accountant Responsbilities ?

3598


Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.

3019


What are Corporate Action?

2746


what is Exposure ?

1976


Queries for Big4 Articleship : Whether son of CA in practice effects chances.

6974


What is Going Concern, What is Dual Entry , What is Business entity and what are the names of Stock exchanges and currency of some countries, stock market related questions, Exchange rates, Banks and other informations

2028


what is difference between venture capital financing and equity financing?

2113