What are the difference between P/l a/c and income and
expenditure
- 12 Answers
- 32317 Views
- Genpact, IBM, I also Faced
- E-Mail Answers
Answer Posted / murugesh
income and expenditure account is created by non profit
making organizations (NPO) and P&L account is created by
business like trading and manufacturing etc..
| Is This Answer Correct ? | 8 Yes | 0 No |
Post New Answer View All Answers
WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?
Tell us how can you define departmental accounting?
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
What are the three factors that can affect your cash flow and business profitability?
Anti Takeover policies
why only 6 months interest is charged on drawings
salary and rent entry with tds deduct
what is t code of all expences general legder?
what is book building
At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?
Tell me about an invoice discrepancy you discovered and how you resolved it
Knowing what you know now, walk me through what you would do differently to drive even more success?
What is the treatment of claim settled by insurance company but still receivable in profit and loss account
The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above
What is bond ? What is capital market?
