what is the difference betwen p & l a\c and income &
expenditure statement
Answer Posted / mainak das
the main diffarence between p/l a/c and income and
expenditure a/c is that p/l a/c prepare only for the
profitable concern like company and income expenditure a/c
prepare only for the non profit seeking concern like
charitable institution, club, hospital.
Is This Answer Correct ? | 13 Yes | 5 No |
Post New Answer View All Answers
What is the basic difference between a cheque and a draft?
Which newspaper do you read? Why?
What Are Accrued Revenues And When Are They Recorded?
What are the two most basics financial statements prepared by the companies?
Where is the UNICEF headquarters located?
What is 'central plan'?
What Are The Types Of Risks?
Do you know about NPA?
What is the reason for the current fall of Indian economy?
What is budgetary deficit?
Have you applied to any other areas apart from banking?
Explain what is debt or equity ratio?
What is the significance of ifsc code?
What is the difference between Banks and NBFCs (Non Banking Finance Companies)?
In how many parts 'non-tax revenue' is divided?