Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between balance sheet and profit and
loss account?
- 9 Answers
- 18501 Views
- I also Faced
- E-Mail Answers
Answer Posted / sonika
Balance sheet is a statement which reveals the financial
position of a company as on particular date.It is static in
nature.
Profit & loss account is a statement which reveals the
result of business operation for the particular period.
| Is This Answer Correct ? | 32 Yes | 7 No |
Post New Answer View All Answers
HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.
(a) Rajesh Ltd. gives you the following information for the year ended 31st March, 2006: (i) Sales for the year Rs. 48, 00, 000. The Company sold goods for cash only. (ii) Cost of goods sold was 75% of sales. (iii) Closing inventory was higher than opening inventory by Rs.50,000. (iv) Trade creditors on 31.3.2006 exceed the outstanding on 31-3.2005 by Rs. 1, 00, 000. (v) Tax paid during the year amounts to Rs. 1, 50, 000. (vi) Amounts paid to Trade creditors during the year Rs. 35, 50, 000. (vii) Administrative and Selling expenses paid Rs. 3, 60, 000. (viii)One new machinery was acquired in December, 2005 for Rs. 6, 00, 000. (ix)Dividend paid during the year Rs. 1,20, 000. (x)Cash in hand and at Bank on 31.3.2006 Rs. 70, 000. (xi) Cash in hand and at Bank on 1. 4.2005 Rs. 50, 000. Prepare Cash Flow Statement for the year ended 31.3.2006 as per the prescribed Accounting Standard. (b) Define the teen "Operating Activities", "Investment Activities" and "Financing Activities" as per NA S-3 Send me this question answer in my mail Address please help me to how solve the question ( deepakgaire@gmail.com) plese plese
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
Accounting related interview questions on ibm
Short Answer on ___________Finance Bill
define bank Draft
Telly ERP9 is perfect accounting softwear in excise unit.
ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT
what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?
What are the legal entities that constitute your business? Does a legal entity have a seperate Federal Tax Id? In which country does a legal entity operate? In which currency does a legal entity operate? When does each legal entity's fiscal year begin?
fridge was capital or revenue?
What is the analytical way of accounting?
Give me total Details of payroll calculation, payslip with examples.
How & When We Calculate Deffered Tax... Please Give me Some Example.?
what is Sums on Finalization of Accounts?
