What are the difference between P/l a/c and income and
expenditure
- 12 Answers
- 32251 Views
- Genpact, IBM, I also Faced
- E-Mail Answers
Answer Posted / murugesh
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 ? | 8 Yes | 0 No |
Post New Answer View All Answers
what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.
credit card all entry pass in tally
How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.
WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?
A non-function currency claim:- Employee while updating a non functional currency claim the system uses the period end rate i.e. any claim pertaining to the period 01Aug - 25th Aug. the system uses the period end rate as of July 31st. (2) Also, what is the basis of using the period end rate not the average rate for expenses claim. Can you please clarify my question.
How can do it TDS in accounts?
HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?
What is the difference of cost accounting and financial accounting?
a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?
What are the disadvantages of double entry system?
how can we get a leaverage in intraday market if are not a professional acount holder?
as per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary
What are document required by the bank to make payment for debit memo (Import). if we have allready made payment for orignal bill.
Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time
Define trade bills?
