Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

why is it called profit and loss account why not profit or
loss account, ( u either get profit or loss )

Answer Posted / aditya bhushan

Because in profit and loss account we show both profit and loss on one statement for calculating net profit and net loss ,as we all know that net profit is different between debit and credit side of profit and loss account.
so that we use to say it profit and loss account not profit and loss account

Is This Answer Correct ?    2 Yes 15 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school

2000


what is the difference between financial accouning and financial management?

2213


what are the certificates needed at the time of SBI clerical interview?

2141


EXPAND___________INMA

1970


why do you think you are sutable candidate for this post

2123


How shall I calculate the true profit of my business, as I am a layman for accounting.

2054


Short Answer on ________Accounts Payables

1949


genpact uk based shift timings? and R2R job profile?

2306


What is the difference between Deffered Tax Assets & Deffered Tax Liabilities

2216


Expand--------TAO

2160


Plz send me the questions that could be asked in an interview for a Bank Clerical job to suja_aln@yahoo.co.in. Thank you.

1923


what is the main link between the income statement and the balance sheet?

2126


Is it correct to covered fesibility report expenses and survey expenses in pre-operative exepenses ?

2070


3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

2177


i want report country wise with invoice number for gl account

2219