What is the difference between P/L A/c and Balance sheet?
When an adjustment account is prepared?
Answer Posted / raja
P/L account shows net profit or loss to a concern but
balance sheet shows financial poistion of a concern when
rectification errors entry is passed adjustment account is
passed
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
---------is the main or principle book of accounts
what is differred tax liability? explain in detail with some example.
what is duties and responsibilities for clark working in sbi
Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com
Expand ----------GIDB
What is Going Concern, What is Dual Entry , What is Business entity and what are the names of Stock exchanges and currency of some countries, stock market related questions, Exchange rates, Banks and other informations
what is undisclosed profit? explain
what is GL Balance
I have complited my ERP course in FICO module. Now I want to work in ERP package. Please suggest me how I will apply for the organisation works in ERP environment.
What is T+2 rolli g settlement cycle?
Expand CCIT?
what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year
At Present Situation in sensex market is low, It converts the whole human being life into the depth. When and how it will change? Is it possible?
sir i am working consruction company.we have 4 projects in varrious places.i enter attendance in payroll by project wise.if enter autofill salaries combained all projects.i want individual salaries base on attendance feeding method.because staff are changing in one project to another project offenly.please explain method
EXPAND___________INMA