Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference betwen p & l a\c and income &
expenditure statement
- 3 Answers
- 6995 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / srinivas annavarapu
P&L account is prepared by the firms who runs business to
make or with a motive to earn Profits.
Whereas Income & Exp statement is prepared by the non-
profit motive organisations like Orphanages or any other
service organisations.
| Is This Answer Correct ? | 34 Yes | 3 No |
Answer / ravinder.sunkara
income & expenditure statement is prepare for the service organizations
profit& loss a/c is prepare for the business organizations
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / abdul bari
P&L A/C is prepared by trading companies, where as income &
expenditure statement is created by Non- trading companies
| Is This Answer Correct ? | 2 Yes | 0 No |
What is mean by Debt Equity Ratio ?
what is zero base budget?
Expand--------RMD
Tell us your experience in cost accounting?
What are two questions that an owner might be able to answer by looking at accounting information?
What is payment/receipt/period accruals?
Expand----------CDNR
what is open item managed account?
Expand AOP?
Short Answer on ________Sole Proprietor
what is rate of Vat?
what is delapidation?
Audit 
