Answer Posted / sarathy

1. This account is for both Profit AND Loss. Its only after
finalization you come to know whether it is Profit OR Loss.

2. There is a chance of getting No Profit/ No Loss. Then
your P&L a/c will neither have Profit nor Loss, at the same
time it will have both Profit & Loss.

So, I guess, it is more apt logical callilng it P&L than
PoL.

How & When We Calculate Deffered Tax... Please Give me Some Example.?

2113

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Can you explain about the distinction of Book-Keeping and Accounting

1964

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What is the Accounts Payable & Accounts Receivable ?

2185

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what is cost accountinp

2265

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Expand RMP

2303

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Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L

2500

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Short Answer on _________Business

2063

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I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T

2512

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Expand-------CSNA

2005

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WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.

2131

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i engaged with the accounts of manufacturing concern, i have a question when we purchased a fixed assets and after this we put the fuel in this for trial then this fuel is our also capital exp

3323

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A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if.  The selling price is reduced by 5 %.  Fixed cost is increased by 2 lacs

1812

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what is cc limit and what role accountant play to maintain it?

2140

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wht can u do for the growth of bhel?

1997

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what do u mean by single error and double error in accointing errors?

2248

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