Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


Why is Income statement prepared?

Answers were Sorted based on User's Feedback



Why is Income statement prepared?..

Answer / chandu

income statement is a statement which is prepared to find out net income. the income is available to the share holders.

Is This Answer Correct ?    5 Yes 10 No

Post New Answer

More Accounting General Interview Questions

As you know executive accounting?

0 Answers  


Mention the types of ledgers?

0 Answers  


Salaries and wages per general ledger is 288,000 of which 56,500 is paid in advance. Req: Prepare adjusting journal entries from the books of audrey company as of dec 31 09. (pls help me with this, I'm a bit slow but willing to learn, thanks!)

1 Answers  


What are the different types of gst?

0 Answers  


What are FCCB and IDR?

1 Answers   JPMorgan Chase,


X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800

1 Answers  


Who was the first person to climb Mount Everest?

1 Answers   DMRC,


What is Double Entry System ?

8 Answers  


Please explain about Bad debts (Old & New) and Bad doutful debts?

1 Answers  


The following figures have been extracted from Katerina’s books of account for the month of April 2010: $ Sales 460 000 Total variable costs 299 000 Total fixed costs 90 000 Profit 71 000 (d) Calculate the sales in dollars necessary to make a profit of $100 000.

1 Answers  


i want to know about Bonus and Gratuity, i am working as a accountant from July'10 some private organization is it applicable for me

2 Answers  


swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000

0 Answers  


Categories