Interested to Buy Any Domain ? << Click Here >> for more details...
We may get profit or loss from business. If so we can name
the statement as Profit or Loss account. But since a long
time we are naming it as Profit and Loss account. Why?
- 1 Answers
- 3349 Views
- I also Faced
- E-Mail Answers
Answer Posted / guest
we write profit and loss because to calculate profit we
need to findout both profit and loss then only we will be
able to come at one conclusion that the business is in
profit or loss
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?
Knowing what you know now, walk me through what you would do differently to drive even more success?
How is the accounting for hire purchase transactions done?
What we have to post entry for payroll processing ? (Indian payroll)
What is your greatest achievement and why?
HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM
were you happy with the grades you achieved at a-level?
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.
what is the difference b/w gain and profit?
I want to know the Payroll Accounting Questions
what is the rate of vat,cst,in mumbai
What information is included in a bill for services?
why i want to join Hawkins company
Tell me what is the master account?
What are mis reports and do you prepare it?
