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
Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?
whats the sales tax slab and company's turnover professional tax slab
My company sent this party goods 62750 this goods is loss sundorbhan paribahan. how to create voucher
Our is a banking Activity, one person is supplying printing advertisement sheet of our product, whether he is liable to deducte TDS @ 1%
When their is one pick point and four unloading places with in same district their is need to write four number of way biils
Define balancing in accounting?
What is entry of Dishonored cheque issued to supplier
want to know the questions and answers frequently asking in banks at the time of interview for any cadre
what is gl a/c? & why is it maintain
What are control ledgers? What are the purposes of maintaining it?
hi...this is chaitanya fresh bcom computer graduate i need job in finance feild will i get in genpact, deloitte, bank of america, or any other mnc...?
what is general accounting
Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same
what will be the treatment of preliminery expenses if due to preliminary expenses being written off there results a loss?
Explain me do you think accounting standards are mandatory and why?