Answer Posted / sudhansu dash

After preparation of Trial Balance we have to prepare our
income statement. Now a days this has been directlly
reflect in your concern statement whoever mantain the books
in electronic form.

We prepare the Profit and Loss account to get the net
profit or loss. So, like that we prepare Profit and Loss
Appropriation account to transfer our profit to various
reserve, devidend and retain earning account.

It will help the stakeholders to know the appropriate use
of the profit of the company by that we can establish the
position of the company.

Compare financial accounting and cost accounting.

1152

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What is band and why the company needs this?

2080

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What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,

1996

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sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .

2303

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Define public accounting?

1110

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what is profitability ratio and dividend policy ratio

2168

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if company give the purchase order worth of 10,000 (INR) in advance, but the seller only sell around 8,000 (INR)and remain ing Rs 2000 return to the company, so how to deal with this scenario in accounts payable in oracle, can u hide to me

1872

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What qualification do you need to become an accounting professional?

1094

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formula of reduction in tax credit of vat form 201(gujarat)

4304

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What is the difference between cost accounting management accounting and financial accounting?

1130

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Tell me why some asset accounts have a credit balance?

1163

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Explain me the difference between public and private accounting?

1188

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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.

3894

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You are a B.E Student? How can u manage Banking?

1922

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What does the abbreviation m mean in accounting?

1168

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