Interested to Buy Any Domain ? << Click Here >> for more details...
What is Profit and Loss Account? What is Balance Sheet?
- 4 Answers
- 6465 Views
- I also Faced
- E-Mail Answers
Answer Posted / srinivas
Every Business COncern wants to know the position of the
company either he gets profit or loss.
In order to know that he want to prepare P& L A/c & B/S for
every year ending.
Business Purchases, sales, stock and expenditure and
incomes come under profit & loss A/c
Laibilities & assests of the company comes under balance
sheet
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Tell me in accounting, how do you define premises?
What are accounting entities?
Explain me scrap value in accounting?
Revenue Expenditure
what are doucement required under registration of properity firm. give the answer breif
What is the formula for acid test ratio in accounting?
how calculate intrest on advance tax ? and penalty on vat?
purchase return liability or asset?should it be included in the balanced sheet?
whether allowances will be included in calculating esi from gross salary
how to calculate ESI,PF,PRO.TAX, INCOME TAX, VAT, T.D.S, EXCISE PLEASE SAY ANSWER IN DETAIL WITH PROPER UNDERSTANDING PLEASE SAY THROUGH WITH EXAMPLE
Is it possible contra entry in SAP FICO
AL+w button lanunches the .............. installed web brower
What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?
how many types excise audits and when they are applicable to firm
WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?
