Interested to Buy Any Domain ? << Click Here >> for more details...
does all exp and all incomes appear in profit and loss a/c???
- 2 Answers
- 3795 Views
- NK, I also Faced
- E-Mail Answers
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 |
Dear all We have purchases the dialer & loger with all equipement for setup new call center from simens ltd. i taken to in our books as plant & machinary under fixed assets .So we want the rate of deprecation. Please answered me .
Credit Purchase entry
What is Owner's Equity?
The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry
Why always Balance Sheet Tally?
what is Prime Brokerage?
WHAT IS ASSESMENT YEAR?
what is public ltd company and difference between public ltd company and public sector undertaking?
6 Answers Capital IQ, College School Exams Tests,
Whatis new GL & Odd G.L What is the difference between these two.
Can anybody tell me the placement of the following ledgers in the Trial Balance 1.Loans and Advances 2.Interest on Capital 3.Customer Deposit 4.Preliminery expenses 5.Insurance claim
what is the difference between debtors & sundry debtors?
What are the accounting conventions and Practices?
Audit 
