Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is diff between p&l & trading a/c

Answer Posted / anitha

trading account consist of direct expenses and income, it
has gross profit/loss
p&l consist of indirect expenses and income, it has net
profit/loss.

Is This Answer Correct ?    23 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

when assessing the credit proposal of a prospective borrower if he gets internal rating below the hurdle rate what will you suggest as a banker

2126


what are responsibilities of an accountant in a company?

2280


how many types of financial teribuanal? what is that?

1968


What is Mean By FRS for HQ reporting, How To Prepare?

2073


outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited

1930


Hi Iam Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Officer's post. Please help me I f u can. thanx in advance

2034


A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch

3785


intorduse your self ? what to say if iam fresher.

2610


how to do finalisation account ,pls tell me step by step ?

2552


plz send me the accounting questions and answers of bank of america.

1903


while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??

2119


Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex

2134


would gross expenditure vouch the correctness or otherwise of the given expenses?

2104


what is leverage n detail and tpoes of leverage with iagram?

2160


Assets are held in the Business for the purpose of____________________

2249