Answer Posted / mohd abdul qader
P&L account is an account which is prepared for whole year
or for a given period where as Balancesheet is Prepared for
a given date.
P&l Account take account of Revenue items where as Balance
sheet is for capital item, only revenue account in balance
sheet is the balance from P&l account.
| Is This Answer Correct ? | 37 Yes | 9 No |
Post New Answer View All Answers
While putting a business plan to a Venture Capitalist firm, how will an entrepreneur price his/her business idea
Comment on Aam Aadmi Party?
What Are Open Market Operations?
What do you mean by 'plan expenditure'?
What steps should Indian Government take to counter pollution in major Indian cities?
What is capitalization?
What are Non Performing Assets? How can they be reduced?
What do you understand from 'internet banking'?
What is the instrument that cannot be transferred from one person to another by endorsement.
How can a bill collector contact debtors?
What is Rural Electrification Project?
What is pgdbo program?
1)steps involved in formulating treasury policy of a firm
What details does a deposit receipt include?
What is gross refinery margin?Explain clearly