What is the difference between P/L A/c and Balance sheet?
When an adjustment account is prepared?
Answer Posted / raja
P/L account shows net profit or loss to a concern but
balance sheet shows financial poistion of a concern when
rectification errors entry is passed adjustment account is
passed
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
What is Financial planning?
Clasify capital
How Many Types of Excise Duties?
Expand---------MRDT
How do you manage the sales account in tally
Short Answer on __________Measurement
Please suggest the manual records needed to be maintained at NGO/CBO to record the transactions of accounts & inventory. Please also mention the need & purpose of each records/books
How will be prepare invoice in tally, please tell me step by step
Dear sir,i have completed M.sc,MBA.STILL I AM NOT GETTING WELL POSITION .I THINK ON LOW BUGET ON COURSE TO IMPROVE MY POSITION IN FINANCE FIELD.
Up to what time we can show TDS Receivables under Advance Income Tax A/c?
How do you handle lack of direction or working in chaos
WHAT WILL BE THE ACCOUNTING ENTRIES IN THE BOOKS IN CASE OF A COMPANY HAVING ITS SHARE CAPITAL WHEN A NEW COMPANY (LTD OR (P) LTD) IS FORMED ?
i have working in contruction company i want billing outside delhi pls. tell me can i bill with tax invoice party provide tin no.
My BASIC Salary is 18,000
What is Direct Debit