What are the difference between P/l a/c and income and
expenditure
Answer Posted / praveen acharya
P/L a/c is prepared to know the profit or loss of the
enterprise, income and expenditure is prepared to know the
income over expenditure or expenditure over income.
Is This Answer Correct ? | 13 Yes | 2 No |
Post New Answer View All Answers
if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year
What is an accounting transaction?
How calculate holding company account?
Define a company's payable cycle?
can any accountant forward format of daily or monthly mis format for accounts and finance dept!!
Are you comfortable with cold-calling?
The Horse bought rs. 2000 on Jan.20th died, its carcase was sold for rs.50 loss rs. 1950 what is journal enty
What are depreciation and amortization?
Explain a time when you have not met your goal?
Why current assets Liability said & current Liability Assets said...?at tally ERP9
is we can prepare any account for partnership in tally
What is the difference between the accrual accounting and cash accounting?
Our is a banking Activity, one person is supplying printing advertisement sheet of our product, whether he is liable to deducte TDS @ 1%
How to get C forms in online? Plz give me Processor Thanq
Define offset accounting?