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...

What is the difference between P&L account and Balance Income
& Expenditure account ??

Answer Posted / umair

Profit and Loss Account is prepared by Profit Oriented
Organization, while Income and Expenditure Account is
prepared by Non Profit Organization.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Which forms in use in service Tax, Excise duty and Vat for the return.

2150


what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?

2161


How to treat company managers personal expenses met by company if he is not taking salary from company and in future salary will be payable after deducting all personal expenses (salary amt will be decided only at paying year). pass journal entries

1929


what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?

4360


what are the limitations of accounting conventions

2603


Why did you choose the a-levels you did?

1110


Cost Accounting

2115


i have selected jr. accountant/ auditor in ssc graduate level 2008 scheme b. but i have not yet received deptt. memo and also appointment letter. when it will be come??? how much time???

2008


my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???

1456


pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.

3049


What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?

2529


What's the accounting entry when an Invoice is created in AR?

2142


What do you mean by ledger posting?

1123


in Sensex and Nifty, what is the measure to take the points

2108


how to pass journal entries for reverse tax on input tax paid

2778