Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

how to create a profit and loss a/c

Answer Posted / raju

by posting gross pofit on credit side of TB and all
expenditure on debit side (left of TB) and
Income on Credit side (right side of TB). If Income is more
than the Expediture, then we say that we have gained profit.

Is This Answer Correct ?    8 Yes 10 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Can anybody send me Interview questions & Answers to me IN Accounts & finance my Mail ID - virupaksha_krt@rediffmail.com

2103


deffered tax treatment in financial statements

2203


Short Answer on _________Accounts Receivable

1976


Hi friends can you send me the Accounting Interview questions with a interview experienced questions please

2229


Difference between cash and merchantile system?

2314


In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.

2063


What is the difference between payable and accrual

1998


what is the difference between f.f.s and c.f.s?

2771


Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?

1998


distinguish between price rate and time rate?

2152


What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese

2076


1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?

2128


What are the objectives of accounting

2021


can i have practical examples of AS-30

2473


what is the main link between the income statement and the balance sheet?

2191