What is the difference between P&L account and Balance Income
& Expenditure account ??
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
What is the difference in accounting and marketing and what is so different about them?
What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.
Explain different branches of accounting?
Please would you provide me with a defenition of Cycle count tolerance ? Thank you
IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?
what is basic general accounting.
What is the entry for provision?
How does accounting contribute to the community?
What is accounting ethics?
Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?
What are the features of financial accounting?
What are document required by the bank to make payment for debit memo (Import). if we have allready made payment for orignal bill.
how many types of currencies are there in oracle r12
give me examples of the accounting reports you have prepared
What is the difference between perpetual & periodic inventory system?