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  

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What is the TDS rate in Maharastra, Tamil Nadu, Karnakata,Odisha & West Bengal. What is about Profession Tax.

0 Answers  

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input vat, wht use in wct

0 Answers  

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On January 20x2, the balances of ABC Ltd's provision of doubtful debt account was $1510. During the year, a total of 3750 of account recievable was written of as bad debts. The balance in the provision for doubtful debts account at 31st Dec was 1450. What is the total amount of bad debt recognised this year?

2 Answers  

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Please tell me under which heads following ledgers should open or create. 1. Vat on Sales 2. Vat on Purchases 3. Excise on Sales 4. Excise on Purchases 5. Service Tax Input 6. Service Tax Output It’s urgent for me.

14 Answers   Genpact, IMK, MMS,

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why loss is posted on asset side in balance sheet?

2 Answers   Vijaya Bank,

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what is bank reconciliation?what is reconciliation of account and what type of accounts maintain in colleges?

3 Answers   Mphasis,

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WHERE WE CAN USE VAT 5%,14.5%

0 Answers   Airier, Automobile, Chartered Accountant, Puzzolana,

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explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule

0 Answers   KSOU,

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What is use of subject history in banking?

0 Answers   Banking,

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why do we add the net profit in the balance sheet

2 Answers  

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How to calculate opening Balance of Profit and loss account

3 Answers   Capital IQ, TCS, TSC,

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