Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / h.r. sreepada bhagi
It's the abstract of all incomes and expenses, prepared at
the end of an accounting period (month, qtr, 1/2yr. or
year)to arrive at the Profit earned or Loss incurred during
that period.
In the P&L A/c Incomes and Expenses are shown under broad
heads (Groups) and details are given in the Schedules
attached to it.
| Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
Tell me what are the three factors that can affect your cash flow and business profitability?
How to prepare HSD statements in tally
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
What are the activities that are included in the cash flow statement?
Tell me about a situation where you showed determination?
What are control ledgers? What are the purposes of maintaining it?
how to record the full and final settlement of employee (salary payable,other payable,,....) when he leaves the company ? or how to pass the entry for that ?
how many types of currencies are there in oracle r12
dear i want basic a\C's oriented question. these are asking in mostly all mnc companies
how to caluclate tds from emloyees and others
Do you know balancing in accounting?
what is the method deposit of wct in Delhi
What is the difference between inactive accounts and dormant account?
what is basic general 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
