Interested to Buy Any Domain ? << Click Here >> for more details...
What is Profit and Loss Account? What is Balance Sheet?
- 4 Answers
- 6640 Views
- I also Faced
- E-Mail Answers
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.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
is we can prepare any account for partnership in tally
Hello sir, i am assistent executive in partnership firm.i learn't tds return, sales tax return, service tax return and all accounting entry,reconciliation with customer & supplier.BRS. please guide me for more knowledgeble sectore in account. hense i reach become a good position in account sectore.
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
In tally when accounts with inventory ,when working in units of measurement under this after creating unit ,if we want to change the unit due to some mistake why does the cursor does not stop in the decimal field? And why the used units do not get deleted in the alter section?
How do I charge bank charges on payments to clients
how many times we can deposit the old currency in one a/c in the bank
under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent
What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?
hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer
how to enter the tender refund amount in tally ?
I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?
List out some of the accrued expenses and the accounts in which you would record them?
how can i settle the party ac with cr & dr
Cost Accounting
{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?
