Answer Posted / h.r. sreepada bhagi
Profit & Loss Account is a summarised statement prepared at
the end of an accounting period (Month, Quarter, half year
or year) showing incomes or revenues under different heads
(Sales, Services, Interest income, etc.) and expenses under
different heads to know the profit earned or loss earned
during the period it relates to.
Is This Answer Correct ? | 6 Yes | 2 No |
Post New Answer View All Answers
{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?
I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.
Define fictitious assets?
What is the difference between General Ledger and Ledger?
sir , i am very confussing enrty for cash receipts in t code fbcj. do the effect on wbs element after selected wbs ?
what are the basic elements to prepare a quarterly information system and how to calculate that items?
What are the methods used in different industries for labor and non-labor costs in Projects.
How is scrap value calculated?
Do you know retail banking?
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
examole of cash to cash contra entry
What is accounting
Tell me an example of a tough decision that you had to make?
I purchase a material with vat@4% and want to sale it to a bihar cliet.what will be charged as cst.Narrate me as brakewise.It is very urgent to mine.