p & l a/c show gross & net profit or loss whether income & ex

what is the difference betwen p & l a\c and income &
expenditure statement

Question Posted / pravin sharma

Answer Posted / pravin sharma

p & l a/c show gross & net profit or loss whether income &
expenditure a/c show direct/indirect income or expenses

Is This Answer Correct ?

1 Yes

3 No

Please Help Members By Posting Answers For Below Questions

What do you know about PACs?

1105

In which bank the government of india has acquired rbo’s stake?

1002

why do u came to EXIM bank?

2284

What Is A Discharge?

1085

What does ICFAI stands for?

1160

What is Balance of payments adjustment mechanism?

1251

What is your greatest concern about investment banking right now?

1840

How can we utilize your skills?

1101

The basel commitee was formed in which year?

1038

What is the meaning of refinance?

1067

How Is The Capital Conservation Buffer Accounted For In The 2016 Srep?

1086

Tell me something about icfai?

1100

what is the Casualty Actuarial Society?

1100

What is the difference between Direct and Indirect Taxes?Give examples?

1091

How does RBI earn its profit?

1094