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 / venkat
p/l a/c is the a/c it showss the information about profit r
loss for the particular year r period so we r writing
heading like"p/l a/c for the year ending.... "
But balance sheet is the statement it shows not only fixed
period so we give heading like"balance sheet as on...."
venkat
9603282777
Is This Answer Correct ? | 2 Yes | 4 No |
Post New Answer View All Answers
Mention some of the major contributions made by you in your present and previous jobs
Expand--------TOS
what can increase gearing?
give the details of overheads which are not included in costing
how we could adj. the entries of prop. & firm in merging time
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
What is 100% EOu? what is the benifit and what is difficulty of it?
In OD Account How Many Interest Paid or Not? and second CC Account How Many Interest Paid or Not?
why do we charge the depreciation
can i have practical examples of AS-30
Whether the TIN and CST no. remain same for a firm in M.P. state. If a firm ask for CST but having only TIN no. is it correct to entertain his invoice?
Who is the maker of the promissory note
What is the relationship between, issued share capital, share premium and paid up capital?
What is discounting accounting and why depriciation of assets are mention in dicounting accounting?
Process of the settlement cycle?