Answer Posted / sajid

P&L account shows the real financial result of an
organisation. One of the components in the BS is to
disclose the profit or loss. This is shown either under the
Reserves and Surplus heading(incase of a profit) or the
Miscellaneous expenditure heading(incase of loss). There is
no way, one can prepare a tallied BS without considering
the P&L results.
Further,from a loical stand point, we must realise that the
impact of P/L should either be on cash,bank or the debtors
or creditors. There has to be an impact. One side of which
is effected in the balance sheet. What about the other.

However, if somebody argues that an IE account or a Rcts&
Pmts account does make up for the P&L; I would not say that
is wrong. That certainly is in the same nature of P&L.

My conclusion is that, we need to have P&L account or its
like (IE account, RP account) to be necessarily prepared to
show a complete financial picture of the organisation.

when will be appsc exams will held pls give me the dates

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Does any one attented HSBC audit compliance test? Please let me know asap. suraj

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Treatment of Government grant and its utilization in P

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I am Simrat Kaur. I am persuing graduation from P.U. I have an experience of 14 months as a CSA. But i hav an experience letter of 6 months.But I can show my joinin letter of the other job. I hav knowledge of basics of computer & internet. Actually, m findin job in chandigarh. I am findin the right opportunity. so, Can u plz help me in findin the right job?? Can u plz tel me abt where interviews r goin on?

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