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.

On what basis we take 30 scrips in BSE Index For calculating BSE sensex Index ???

5 Answers   Religare,

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what is meant by portfolio management explain in breif ?

4 Answers  

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Explain financial lease.

0 Answers  

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How is bandhan bank different from other public and private banks?

0 Answers  

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Why does a company issue stock?

0 Answers  

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why you want to change from software to finance?

5 Answers   Kotak, Northern Trust,

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When was rbi nationalized?

0 Answers  

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What are the loan products of SBI?

0 Answers   State Bank Of India SBI,

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Explain what are ETF’s? What is the advantage of it?

0 Answers  

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Discuss Stratified sampling & cluster sampling techniques and discuss with example where exactly these techniques are useful.

0 Answers  

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What attracted you towards banks?

0 Answers   State Bank Of India SBI,

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What is BEP? How is it calculated?

18 Answers   Capital IQ, Mphasis, Thomson,

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