Answer Posted / kiran kumar .r 9700473904

Profit and Loss A/c

it is not a statement its a account which shows the
performance(profit or loss) of the business in the given
period of time i.e for one year.

Balance Sheet

it is a statement which shows position of assets and
liabilities on a given date. i.e normally at the ending day
of year.

What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?

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Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.

1804

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what is windows dressing final accounts?,sales a/c belongs to which a/c type?

2076

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what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......

2111

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What are the effects when intangibles and tangible assests decrease

2122

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what role did you play in collections?

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What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?

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difition of reserve & surplus

2268

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Differentiate public and private accounting?

1030

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Do you know executive accounting?

994

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What is invoice processing can u explain it?

2909

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Explain me the difference between public and private accounting?

1089

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What is aggregate Liabilities ?

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what made you take up present subject/area of specialization and what would you define as your career objectives

2151

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Is the shadow balance present in bank account always credited or bank may reverse it as well?

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