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
- 3375 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 does the standard journal entry includes?
What is the definition of offset accounting?
Tell us what inspired you to move to the next opportunity?
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
what is lease accounting?? please explain me....
In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
What is trial balance? What does an accurate trial balance suggest?
Do you know any other accounting application?
What are its characteristic features of financial accounting?
Explain the concept of responsibility accounting
hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much
Sir, I want to know about Entry Tax. I purchased the Packing Box from other state.the entry tax on the packing items is 5 %.but now sale tax deptt. close the entry tax on barrier. the tax will be deposited with return. sir we want to know can i deposit this entry taxon on CST challan or not. if not then how can i deposit, or which cloumn in return shown this amount. please send the return format my mail ID is happynlg@gmail.com
Recent trends in Corporate Governence?
Explain financial accounting.
