Answer Posted / lrksvs

During the normal course of business, it is not possible to
finalise Balance Sheet without preparing either Statement
of Profit & Loss or its equivalent for non-profit oriented
organisations ie., Income & Expenditure. However, in
certain typical circumstances, it is possible to finalise
the Balance Sheet without preparing any Statement of Profit
& Loss or its equivalent. For example in case of a Company
which has been recently incorporated and has not started
any commercial operation as its project construction is
still going on as at the end of the financial year, there
may not be any Statement of Profit & Loss or Income
&Expenditure Account, as the entire expenditure is debited
to the project cost and income, if any, is deducted from
the project cost. Therefore, in such a situation, the
Balance Sheet is finalised without preparing any Statement
of Profit & Loss

I am Simrat Kaur. I am persuing graduation from P.U. I have an experience of 14 months as a CSA. But i hav an experience letter of 6 months.But I can show my joinin letter of the other job. I hav knowledge of basics of computer & internet. Actually, m findin job in chandigarh. I am findin the right opportunity. so, Can u plz help me in findin the right job?? Can u plz tel me abt where interviews r goin on?

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