Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between P&L account and Balance Income
& Expenditure account ??
- 3 Answers
- 6149 Views
- I also Faced
- E-Mail Answers
Answer Posted / dhanesh chandramangal
1.P & l account maintained by profit oriented compaies,
income & expenditure account is mainted by service oriented
companies[hospital, charitable society,etc]
| Is This Answer Correct ? | 11 Yes | 0 No |
Post New Answer View All Answers
Explain me what do you think is bank reconciliation statement?
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
what is miscellaneous expenditure??
saji become insolvant -what is journal entry
Tell us what kind of work environment do you prefer?
Tell me what are the three factors that can affect your cash flow and business profitability?
Tell me what is the master account?
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
Tell me what is trial balance in accounting?
What is cost accountancy?
what is capital reserve
WHY U HAVE CHOOSE ICWA WHY NOT CA
Tell me which accounting application you prefer most and why?
