What are the difference between P/l a/c and income and
expenditure

Answer Posted / sallum

i/e a/c is created by non profit seeking orgn & p&l a/c is
prepared by profit seeking orgn.

Is This Answer Correct ?    3 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain what qualities and skills make an account manager successful?

643


what is debit balance report in SAP?. how do you describe DB report in brief.

1528


Why have you applied to our firm?

625


Mention why some asset accounts have a credit balance?

639


How many types of business transactions are there in accounting?

668






What is the TDS rate in Maharastra, Tamil Nadu, Karnakata,Odisha & West Bengal. What is about Profession Tax.

1410


what is windows dressing final accounts?,sales a/c belongs to which a/c type?

1630


In accounting, are assets a permanent account?

660


Explain me by saying, perpetual or periodic inventory system; what do we mean?

637


if my salary is 12000 per month how much i will get after deducting PF an ESI

1211


Explain me what makes a successful account manager?

621


What is the general classification of accounts that usually ledger account involve?

682


one bank account transaction example ebanking raj medical 500000 dr. second bank account ebanking raj medical 500000 cr what is the entry in tally erp can it is contra contry or not please explain

1050


Dear Sir, Tomorrow i am going for interview at TCS-Mumbai.Please let me know what kind of question are going to be asked.

1535


we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.

1592