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?
- 0 Answers
- 1576 Views
- I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
what is "goodwill" reserve and surplus and reserve with example
What was your average accounts receivable days outstanding/days sales outstanding?
3 principles of accounting
Payment Blocks . What is "A" and "R" Blocks in Account payables.. ??
i have 1 year gap after completing my graduation what should i say in interview?
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
could i know how to accounting lease intrest ?
can any one tell what is the selection proces in cognizant for MBA finance
what is assest and liability? give examples
What do you mean by balancing of ledger account?
what is depriciation, and its method
what is the journal entry of payment received after deducting tds?
Audit 
