why at the top of P/L a/c we write for the year ending and at the
top of balance sheet we write as on or year ended.

Answer Posted / anuj.genx

because P/L is prepared for full year and balance sheet is for particular date that is year ending date.

Is This Answer Correct ?    25 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is Mean By FRS for HQ reporting, How To Prepare?

1615


Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?

1591


it is better to invest in which securities short term/long term or both? please reason4 the same

1503


how there prepare bank interview

1602


Comments Elements in accounting

1394






What is Split And buy-back?

2239


distinguish between Bill of Exchange and Promissory Note

1758


Two months rent of Rs 25000/- was adjusted in Rental advance account at the time vacating office

1485


Expand SCERT

1790


With a 600 credit score, how to improve my credit rating score?

1423


what are the financial ratios that a manager see in accounting?

1486


what is capital market and money market? what is primary market and secondary market?

1756


distinquish between liquidity ratio and asset management ratio

1432


impairment & Amortisation Means

1517


Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.

2674