Interested to Buy Any Domain ? << Click Here >> for more details...
What are the difference between P/l a/c and income and
expenditure
- 12 Answers
- 36652 Views
- Genpact, IBM, I also Faced
- E-Mail Answers
Answer Posted / vishwas
P& L Account is for know the profit of Enterprises.I&E is
for Non trading orgastion for know the income for the year.
But in case of Professional person we will prepare I&E for
know income .
| Is This Answer Correct ? | 6 Yes | 2 No |
Post New Answer View All Answers
What is the importance of accounting standards?
is WCT aplicable on educational institutions also??????
what is casual receipt? is it exmpted in income tax?
What is an operative accounts?
How to pass journal entry of gifts purchased for employee by using campany ATM card
What is definition of a cash float in accounting?
Were i have to enter for agreements in tally and in which ledger it will come
All Interview related Questions pertaining to General Ledger,Finance & Accounts.
Explain me the term material facts in accounting?
Explain the concept of responsibility accounting
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies
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
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
Explain me what do you think is bank reconciliation statement?
