Answer Posted / anjana
1.P&L a/c is prepared to know the NET RESULT of business at the end of accounting year. It is a nominal account.
2.Balance sheet is a statement of assets & liabilities of a business with a view to ascertain the financial position of a business as on a particular date.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Classify the business of banking?
What are the numbers of shares on NSE and BSE?
Names Different Types of Debentures According to Security?
Why are you interested in investment banking?
Expand MSR.
Explain operating lease.
Tell me what is gross profit and net profit?
Name some state co- operative banks?
What are adjustment entries? Why are they passed?
These days Mutual Funds are common in the market. What do you know about them?
What Is a Mutual Fund?
When Shares Applications Are Received, What Entry Will Be Passed?
What do you understand by the cashless economy?Does it have any pros and cons?
what is the number of companies which will participate in the sensex and nifty market????
How can a Business firm achive growth Internally and Externally?