Answer / harshita

balance sheet is a stock concept AND profit and loss account is a flow concept.

Answer / anjana

1.P&L a/c is prepared to know the NET RESULT of business at the end of accounting year. It is a nominal account.
2.Balance sheet is a statement of assets & liabilities of a business with a view to ascertain the financial position of a business as on a particular date.

Answer / binay shrestha

Heads which are transfer to Balance sheet do not lose their identity and become the opening balances for coming year, whereas, those accounts head which are transfer to the profit loss account are cease to exist.

What is current GDP of India?

0 Answers   Nabard,

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what is Tally and where it can be used?

0 Answers  

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Pls let me know the interview pattern of SBI for clerk cadre.

0 Answers   State Bank Of India SBI,

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What is Open-Interest and how can we calculate it?????

1 Answers  

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What are some of the roles of NABARD and IRDA?

0 Answers   Nabard, RBI,

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What are the common mistake made in Invest ment?

2 Answers   TCS,

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Name the major stock market indices.

0 Answers   SEBI,

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What is the key difference between private sector banks and the government sector banks?

0 Answers   IBPS,

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What is Capitalism?

1 Answers  

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What is paidup capital and why should the org increase the paid up capital?

3 Answers  

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Name the highest literary award given in India?

0 Answers   IBPS,

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Corruption is the price we pay for democracy. Discuss

3 Answers   ANZ, Northern Trust,

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