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...


When you prepare Profit and loss A/C either you will get
profit or loss but not both.Then why we are saying it as
profit AND loss A/C,why cannot we say it is as Profit OR
loss account?


No Answer is Posted For this Question
Be the First to Post Answer

Post New Answer

More Accounting General Interview Questions

what is different between accouts receivable and billing?

1 Answers  


what is profit maximisation

0 Answers  


Differentiate between consignor and consignee?

0 Answers  


What do you think is a bank reconciliation statement?

0 Answers  


What are assets minus liabilities?

0 Answers  


Where should tds received should show in balance sheet?

0 Answers  


how to adding entries in tally complete new company

2 Answers  


what is the purpose of preparing Bank reconciliation ?

3 Answers   ABC, CAFS,


What is the difference between inactive accounts and dormant account?

0 Answers  


what is tds and rate of tds

1 Answers  


You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically

0 Answers   IBM,


what is Sundary Debtor and sundary creditor.

5 Answers  


Categories