Difference between Income & Expenditure A/c AND P/L a/c.

Answer Posted / anjali

Income & expenditure a/c and P&L a/c is the same thing.

Is This Answer Correct ?    3 Yes 30 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

WHAT IS PROSPECTUS?

1688


Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.

1494


is indian bank or canara bank CBS brach?

1621


We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?

1605


What is the mening of uidnvhe.?

2456






outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited

1481


what is the meaning of Processing Vendor/Employee payments

2408


Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it

1458


Can you explain about the distinction of Book-Keeping and Accounting

1538


with out college degree con't we dc accounting job?

1595


Who is called consignor

1489


Hi friends can you send me the Accounting Interview questions with a interview experienced questions please

1752


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

1502


Short Answer on ___________fluctuating capital

1574


Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?

1607