What is the difference between P/L A/c and Balance sheet?
When an adjustment account is prepared?

Answer Posted / venkat

P& L A/c Prepard for know particular period that Org Net
Profit / Net Loss

Balance Sheet Prepared for Financial Position for the Year

Is This Answer Correct ?    10 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Hello Everbody....this saturday i attended the interview of times job fair...were capgemini has called me for technical round ..I am bcom graduate with tally an SAP FICO....Can any body help me ... I wan to know what is this technical round...An what they may ask me ......if any body have question an answer kindly send to my id ..that is damudi123@yahoo.com....or contact me to my number ..+919900410314.Or any body have friends working in capgemini bangalore?Please i need urgent help...thnak you with regards adnan hasan

2068


What is the content of purchase order? n content of voucher? what is the main use of voucher.

1632


HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?

1697


If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.

1868


How does the ration analysis help in depicting profit and loss

1801






please send me some previous sbi clerical interview questions to my email id....

1782


why the RRB'S not lend loans directly to farmers?

1605


please explain the uses of internate protocol address(ip add)?

1788


difference betwwen the 4.6 & 4.7 ecc versions

2015


Name some errors which can be detected by Trial Balance

1772


what is the difference between f.f.s and c.f.s?

2224


What is the Purpose of Preparing Bank Reconciliation Statement?

1686


What is Risk Assessment?

1615


Two months rent of Rs 25000/- was adjusted in Rental advance account at the time vacating office

1640


Who to create a budget on software company

1869