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 trail balance? what is Profit & loss a/c ? what is
Balance sheet?

Answer Posted / munmun sharma

Trial Balance is the process to check the accuracy of the
accounts made so far in the Ledger. Profit and loss account
is made to asscertain the profit earned and the loss
incurred. This statement is also called 'Income Statement.
Balance sheet is made to know the financial position on the
last day of financial year of the business. This statement
is also called a Position statement. Profit & Loss A/C and
Balalnce sheet are known as Final Accounts.

Is This Answer Correct ?    13 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What type of question generally asked in Brokerage Firm ?

2803


why do you want to work here?

2159


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.

3026


wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?

2112


which Electrical items is Exciseible

2278


WHAT IS INTEGRAL ACCOUNTING

2216


where we have file E-returns in SAP FICO-CIN/Wtax?

2664


what is meant by cash purchase?

1402


ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT

2025


Provision of Bad Debts is made in compliance with the convention of -----------

1885


diffrence between the profit center and business area

2091


what is Tds %,Service tax %,Cess %,and ESI,PF %,and what is the use of this.

2411


How to maintain Purchase Orders ? Please explain by proper format.

2247


Expand--------CMTS

2396


what is Sums on Finalization of Accounts?

2070