What are the difference between P/l a/c and income and
expenditure
- 12 Answers
- 32261 Views
- Genpact, IBM, I also Faced
- E-Mail Answers
Answer Posted / nibin
income and expenditure account is created by non profit
making organizations (NPO) and P&L account is created by
business like trading and manufacturing etc..
| Is This Answer Correct ? | 68 Yes | 7 No |
Post New Answer View All Answers
Define public accounting?
Tell me about an invoice discrepancy you discovered and how you resolved it
Explain compound journal entry.
X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
What are the effects when intangibles and tangible assests decrease
Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs
If a prospective client kept presenting you with excuses not to buy, what would you do?
what is the relationship between bookkeeping and accounting?
what are the limitations of accounting ratios?
I WRITE GROUP-4 EXAMINATION.I STADIYING INTERMEDET HOW MANY PARSANTEGE OF GROUP-4 EXAMINETIN
lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples
What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?
What are the elements of the accounting equation?
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
