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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.
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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
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| Is This Answer Correct ? | 2 Yes | 4 No |
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