does all exp and all incomes appear in profit and loss a/c???
Answers were Sorted based on User's Feedback
Yes and according to the 3rd of the "Golden Rules of Accounting" which is the nominal account - All expenses/losses and incomes/gains are to be transferred to the P&L A/C. This will then help arrive at the right profit / loss for the enterprise based on which decisions can be taken
| Is This Answer Correct ? | 13 Yes | 0 No |
Tell us your experience in cost accounting?
Short Answer on _________Cost Accounting
Which types of assets deducts in equity funds for company?
what is the meaning of call in arear
what is the meaning of MIS Report , and what are the usages in MIS Report, how to prepare ,
21 Answers Hotel Jobs, ITC Infotech, Jindal, TCS,
Expand P P F
Expand---------RTC
what is the meaning of double entry system & Double entry system?
Answered but misspelled pl correct A LIST OF ACCOUNTS IN WHICH TRANSACTIONS ARE POSTED ARE ____ ____ACCOUNTS(ANS.TRACH)
How much time does it take for a pay order to be made?
what are the fundamentals of book keeping
what is mean by T and E cosept