What are the difference between P/l a/c and income and
expenditure
- 12 Answers
- 33268 Views
- Genpact, IBM, I also Faced
- E-Mail Answers
Answer Posted / suvankar pal
P/L A/C is prepared by Profit Making Organisation
Income & Expenditure A/C is prepare by non-profit making
organisation
| Is This Answer Correct ? | 28 Yes | 5 No |
Post New Answer View All Answers
if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system
lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples
What is bad debt expense?
Why an Expenditure is called Differed?
what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.
How much statistics knowledge is necessary or required in accounting?
Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.
Define a company's payable cycle?
What is short term solvency ratio?
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
how will decide that vender payment is ok without reco
plz can some one tel me "The concept of stock holder's equity and paid in capital".
Hi Everybody, Can anybody tell me how to create ledger in Peachtree Accounting software, means there are some Code, which Codes Comes under which ledger Account.your prompt Answer will be highly appreciated, Thanks & regards, Khan
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
what is the right process for input credit of Service tax. and on which service i can take credit.
