What are the difference between P/l a/c and income and
expenditure
Answer Posted / praveen acharya
P/L a/c is prepared to know the profit or loss of the
enterprise, income and expenditure is prepared to know the
income over expenditure or expenditure over income.
| Is This Answer Correct ? | 13 Yes | 2 No |
Post New Answer View All Answers
What are the disadvantages of double entry system?
we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?
Difference between depreciation according to cost principle and matching principle
in Sensex and Nifty, what is the measure to take the points
what is the entry for toll gate fee
how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter
What was your most complicated sales cycle in past positions?
What is cash flow and fund flow?
please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?
Why an Expenditure is called Differed?
Explain me the basic accounting equation?
Why you want to change???
a cc. has balance Rs. 8,40,000 at the credit of profit and loss a/c this balance is used for redemption of debentures what will be the entry
Payment Blocks . What is "A" and "R" Blocks in Account payables.. ??
Explain compound journal entry.