what is the difference betwen p & l a\c and income &
expenditure statement
- 8 Answers
- 16839 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / gurpreet singh chahal , ballar
P&L A/c is prepared for the Business Organization whose aim
is to earn profit by running business whereas Income &
Expenditure A/c is prepared for the non-Profit
Organization,Trusts etc.
| Is This Answer Correct ? | 37 Yes | 8 No |
Post New Answer View All Answers
Explain turnover group ratios.
i has completed CA and i want to do MBA in Finance,plz suggest me best Institute for part time MBA classes in mumbai?
Brand has become an important aspect of Business. What are the advantages of building a Brand and what steps are available under IPR to protect its ownership?
What is 'consolidated fund'?
What do you know about direct and indirect taxes in India?
What would you personally invest in?
What do you know about Mid- day meal scheme launched by the Indian government?
What is GDP? How it is calculated?
What is the risk coverage of PM Jeevan Jyoti Bima Yojana?
First indian company issued ADR,GDR,IDR
Which technology is used by the banks for settlement of cheque?
what is the short cut to recall the last narration saved for the first ledger in the voucher?
Which is the first bank that was incorporated at the initiative of world bank and in which year?
Is the Indian economy in the developing, underdeveloped or the developed state?
How important is the service sector for the economy?
