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...

why is it called profit and loss account why not profit or
loss account, ( u either get profit or loss )

Answer Posted / dayakar

As it shows profits/gains at credit side as well as expenses
or losses at debit side

Is This Answer Correct ?    11 Yes 28 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain about Fixed capital

2002


Expand ________FOR

2133


Expand---------PCDB

2051


Short Answer on _____________Accident Insurance

1721


wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?

2057


What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?

2064


what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?

2345


explain about mergers & aquisitions? asked on 30/7/09

1993


What is written off?

2045


During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?

1840


For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax

2026


What is the journal entry for Call and a Put option both in the books of buyer and seller

9817


what is dieerence between capital cpapital structure

2331


How good are you at Finance?

2060


loss of pay for a employee when he is not having single leave bal. in his account that time what is the calculation 2) what exactly the days to be considered i.e. 26 days or 27 days i.e. to arrive at salary per day what exactly the days to be divid

2039