Answer Posted / barodianbuddy(acca)
I THINK YOU ARE ASKING ABOUT PROFIT & LOSS ACCOUNT. IT IS A STATEMENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME (IAS1). SUMMARY OF PROFIT & LOSS OF A BUSINESS AT END OF THE YEAR
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
Sales Invoice 50000/- fully profit , management want profit for this year should be appear in P&L A/c and B/S 25000/- only and remaining 25000/- profit retain for the next year What will be JV for this year and next year?- Thank you
WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?
What is tally accounting?
Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
Define bills receivable?
what is valuation code and valuation modifier in sap fico
6. 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?
what's the difference between impress cash account and petty cash account
Explain some of the accrued expenses and the accounts in which you would record them?
What is ppe in accounting?
Knowing what you know now, walk me through what you would do differently to drive even more success?
Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj
PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)
Explain me what is important to effective market analysis?
