Who prepare income and expenditure account and for what?

Answer Posted / b.narasimha rao

INCOME AND EXPENDITURE ACCOUNTS PREPARED BY THE ACCOUNTANT.
TO KNOW THE HOW MUCH INCOME EARNED BY THE COMPANY DURING
THE ACCOUNTING PERIOD. THIS ACCOUNT USE FOR PLAN THE INCOME
IS INCREASE AND EXPENSES ARE DECREASE

Is This Answer Correct ?    26 Yes 16 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Hi guys, If anyone have gone through the CAPITAL IQ-Junior Research Associate interview then plz let me know about its pattern..and if anyone hav its placement papers or any other information then plz post to me at arshadbasha_mba@rediffmail.com

2394


Difference Between Revenue & Capital Expenditure (Give an Example of each )

1657


WHAT IS THE DIFFERENCE BETWEEN COST CONTRL & COST REDUCTION

1534


Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry

1625


what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?

1797






Who is called consignor

1490


What is Risk Assessment?

1525


How can we display last five years sales in tally

1553


Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER

1749


Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times

1843


What Are The Characteristics Of Modern Accounting?

4238


WHAT IS B.E.P. CHART

1962


what s BSPL and its significance?

3622


what is cnc machine hour rate? how it is calculated?

4533


Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry

1502