what is Penal account

Answer Posted / yedukonddalu

hi i think you are asking about P&L account it is nothing
but profit and loss account

Is This Answer Correct ?    5 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell me do you have any professional experience of this field?

635


Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!

1044


Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.

1307


What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?

1916


dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?

1011






PLEASE CLEARLY EXPLAIN WHAT IS MEANT BY TDS,CST,ADVANCE TAX,PF,PT,ESI.CLEARLY AS IF EXPLAINING TO LAY MAN

2135


what will be the entry for inventory

1592


Hi wht r da questions which are mostly asked in an Accounts related job for freshers?

1492


What is definition of a cash float in accounting?

670


Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP

1488


bank jobs

1663


Hello friends, I want to sk that Is computer proficiency certificate necessary at the time of SBI clerk Interview?and all other guys who have cleared the nov 2009 exam and have got the bio data form please give replies,,, waiting for replies ,thank you.

1692


Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?

616


What is the difference between perpetual and periodic inventory systems?

637


What are the 4 types of ppe?

698