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...

What is the difference between Receipt & Payment Account
and Income & Expenditure Account?

Answer Posted / poorna

R&P is just like cash account,and Receipt and payment
accounts are maintained by NON
trading,Profession,individuals
concern and I & E is just like P&L Account I&E are
maintained
by trading concern.

Is This Answer Correct ?    40 Yes 25 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

in accounts welding institute which category will come for example 1. recruitment con.pvt ltd. is man power recruit category ,so iwant to welding institute (learning welding and fibrication)

2077


HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?

2017


Being BE student why you want to join bank?

2413


What is Inventory Control?

5091


how to check which item is sold by the sundry debtors in tally?

2162


What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?

2052


Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.

3081


EXPAND___________IMF

2208


Expand-------------BRTS

1995


please give the sbi bank clerk exam paper model in last five years?

2237


What is specific reserve

2567


cash sales and credit sales both are asset or liability?

1457


Expand-------NAC

2255


what is the use of special general ledger if the normal trasaction in usage.

2098


What is the difference between income statement & Profit&loss A/c?

1951