What are the difference between P/l a/c and income and
expenditure
Answer Posted / hemant
when ever the target of company to be earn the profit menas
whome the target is earn then serve we prepaired the P&L
accounts bu the when they thinks frist of all serve then
earn they prepaired income and expendutre accounts as per
accouting system
otherwise the meaning is same
Is This Answer Correct ? | 1 Yes | 6 No |
Post New Answer View All Answers
what are the extraordinary items?
Do you use social media to identify prospects?
what is the head for stock trnasfer
WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?
Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?
6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?
What do we mean by purchase return in accounting?
Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.
What is fair value accounting definition?
What is the difference between cfa and csa?
What do you mean by material facts in accounting?
Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c
All Interview related Questions pertaining to General Ledger,Finance & Accounts.
Was there a time when you lost the chance to engage a prospect? What happened and what did you learn?
How to treat company managers personal expenses met by company if he is not taking salary from company and in future salary will be payable after deducting all personal expenses (salary amt will be decided only at paying year). pass journal entries