18) Difference between Income & Expenditure and Profit and
Loss Account?
- 4 Answers
- 21196 Views
- D-Mart, JPMorgan Chase, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / baddam.venugopalreddy
Income & Expenditure prepare non-profit organisations such
as schools and colleges trusts and where as Profit and
Loss Account prepare all other organisations ....
| Is This Answer Correct ? | 62 Yes | 14 No |
Answer / hema
income and expenditure profit and loss account
1.it is the revenue a/c of 1.it is the account of a
non trading concern. trading concern.
2.it does not start with 2.it start with the balance
any balance. of trading account.
| Is This Answer Correct ? | 32 Yes | 3 No |
Answer / rahul kanojiya
Answer
1 Income & Expenditure prepare non-profit organisations
such
as schools and colleges trusts and where as Profit and
Loss Account prepare all the a/c of the expenses and we
get net profit from the p/l a/c . ....
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / bivek shah
income is salary whereas expenditure is loss
| Is This Answer Correct ? | 1 Yes | 3 No |
Expand ________CBC
what is the service tax ?
How many Accounting have been issued by ICAI
why you want to join in BPO,tell about something BPO
why may types of accounts
Expand ________GIR
what is balance sheet?
15 Answers State Bank Of India SBI,
what are all the books maintained in accounts for the purpose of excise?
20 Answers Alnkey Financial, mssl, Puneet, Videocon,
Does NAV go up or down when dividend are declared on Mutual funds?
how will make entry for bank over draft?
what is MERCANTILE Accounting system? how many accounting systems are followed in India
what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?
Audit 
