what is the difference betwen p & l a\c and income &
expenditure statement
- 3 Answers
- 5730 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / srinivas annavarapu
P&L account is prepared by the firms who runs business to
make or with a motive to earn Profits.
Whereas Income & Exp statement is prepared by the non-
profit motive organisations like Orphanages or any other
service organisations.
| Is This Answer Correct ? | 34 Yes | 3 No |
Post New Answer View All Answers
explain Dual entry concept
Expand---------SDRT?
What is Budgeted capital ?
in a every intervew asking one common question why you are living current employer, which is the best answer
What is fixed liabilities
what is GL Balance
what is finance what is bpo why do u want join a BPO types of process in BPO Company's
if you fix salary to some body for Rs.10000/- what are the segregations to be done and what are the deductions to be done (segregations like basic, da,ta,conveyance etc., how ? what percentage what speaks law) and deductions what are those like, pf,esi,pt, etc., what ever
paid two years rent N1200, bought Motor van for cash N3000
hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...
What is the due date for filing monthly & annual sales tax returns in karanataka
How to dived the persons AOP, AJP, BODY OF INDIVIDUALS,HUF,COMPANY-NON RESIDENT, COMPANY RESIDENT LOCLA AUTHORITY,PARTNERSHIP FIRM(meaning)
Is WCT paid to be considered as overhead during costing in construction firm?
What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese
Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar
