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...

What is the difference between balance sheet and profit and
loss account?

Answer Posted / devendra bhandari

Balance sheet shows the financialposition of the company as
on date.

Profit & loss account is for a period and can show the
actual position of our business - where we are.

Is This Answer Correct ?    8 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are events occuring after the balancesheet date?

2263


What Are The Characteristics Of Modern Accounting?

4732


example of SOP

1967


can i get exact salary of clerk in SBI. and i want to know about promotion details .....

2052


Which Invoice issued on Central Sale Commercial or Retail?

2100


Explain why retained earnings have an opportunity cost associated?

3531


Expand BEMS

2440


what is purchase tax in rajasthan.

2072


What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books

2317


Comments Elements in accounting

1848


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

2385


let me know the meaning and Nature of cash

2235


Expand---------MRDT

2386


which are the basic princeples of accountancy... with examples

2225


why would you like to opt nbp

2100