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 Income statement prepared?

Answer Posted / kalpana

income statement is prepared to know the excess of income
over expenditure.

Is This Answer Correct ?    5 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect

1928


Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?

2856


in what circumstances it is mandatory to calculate the goodwill.

1790


India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,

2206


What other careers are you considering?

1138


what is the last date of deposit TDS on liability for the assessment year 2010-11

2088


give 3 reasons why capital is referred to as a special liability

1844


What is mis report , how to prepare mis report for general ledger?

1572


could i know how to accounting lease intrest ?

2049


hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me

2309


Hi wht r da questions which are mostly asked in an Accounts related job for freshers?

1986


what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.

1868


WHAT ARE THE MOST ELEMENTS OF YOUR JOB?

1969


{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?

2287


Explain me the basic accounting equation?

1090